New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A trader purchased 100 identical items for a total of

    ₹20,000. He sold 40% of the items at a profit of 25% and the remaining items at a loss of 15%. Determine the overall profit or loss percentage for the entire transaction.
    A 1% profit Correct Answer Incorrect Answer
    B 1.5% loss Correct Answer Incorrect Answer
    C 2.5% profit Correct Answer Incorrect Answer
    D 2.5% loss Correct Answer Incorrect Answer
    E none Correct Answer Incorrect Answer

    Solution

    Cost of 1 article = 20,000/100 = 200 Cost of 40% (40) articles = 200×40 = 8000 Cost of 60% (60) articles = 200×60 = 12000 Selling price of 40% articles = 125% of 8000 = 10,000 Selling price of 60% articles = 85% of 12000 = 10,200 Total selling price = 10,000+10,200 = 20,200

    Practice Next

    Relevant for Exams: