New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    A trader bought 1200 items at ₹50 each. He sold half

    of them at a profit of 20%, and the remaining half at a profit of 25%. Find the overall profit percentage.
    A 22.5% Correct Answer Incorrect Answer
    B 23% Correct Answer Incorrect Answer
    C 24% Correct Answer Incorrect Answer
    D 25% Correct Answer Incorrect Answer

    Solution

    Cost price for 1200 items = 1200 × 50 = ₹60,000. Selling price for first half (600 items) = 600 × 50 × 1.20 = ₹36,000. Selling price for second half (600 items) = 600 × 50 × 1.25 = ₹37,500. Total selling price = ₹36,000 + ₹37,500 = ₹73,500. Profit = ₹73,500 - ₹60,000 = ₹13,500. Profit percentage = (13,500 / 60,000) × 100 = 22.5%. Correct answer: a) 22.5%.

    Practice Next