A dealer buys a batch of 25 pressure cookers at ₹800 each. He sells 15 of them at 20% profit and the remaining at 10% loss. Find the overall profit or loss percentage.
Show answer & explanation
Correct answer: B
Explanation
Given:
Total cookers = 25
Cost price per cooker = ₹800
15 cookers sold at a 20% profit
10 cookers sold at a 10% loss
Total cost price = 25 × 800 = 20,000
Cost price of the first 15 cookers = 15 × 800 = 12,000
Selling price (20% profit) = 12,000 × 1.20 = 14,400
Now cost price of the next 10 cookers = 10 × 800 = 8,000
Selling price (10% loss) = 8,000 × 0.90 = 7,200
Total selling price = 14,400 + 7,200 = 21,600
Total profit = 21,600 − 20,000 = 1600
Profit percentage = (1600) / 20000) × 100 = 8%