of grocery is sold at 18% profit, is sold at 25% profit, and the rest at 30% profit. If the total profit is ₹1,980, then find the value of the grocery.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. ₹8,000.
1/3 of goods are sold at an 18% profit, 25% or 1/4 of the goods are sold at a 25% profit
The rest at a 30% profit
Profit from each part = quantity × profit percentage
Let the total number of articles be 120.
Let the cost price of 120 articles = 120 unit
1/3rd of 120 = 40
1/4th of 120 = 30 and,
Rest = 120 - 40 - 30 = 50
Total profit = 40 × (18/100) + 30 × (25/100) + 50 × (30/100) = 7.2 + 7.5 + 15 = 29.7 unit
29.7 units = 1980
1 unit = 66.66
120 units = 66.66 × 120 = Rs.7999.2 = Rs. 8000(approximately)