Question
A shopkeeper sells two products A and B. He earns 21%
profit on a product A costing Rs. 1200. If the overall profit on selling two products is 18%, then what will be the profit percentage on the other product B costing Rs. 1000?Solution
Cost Price of A = Rs. 1200
Cost Price of B = Rs. 1000
Profit on A = 0.21 × 1200 = Rs. 252
Overall profit = 0.18 × 2200 = Rs. 396
Profit on B = 396 – 252 = Rs. 144
Profit percentage = 144/1000 × 100 = 14.4 %
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