A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss percent?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Profit 3.6%
Let the customer have 100a items and the CP of each item is 100b.
MP of each item = 100b × 140% = 140b.
He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price.
The selling price of 60a items at the rate of 126b = 60a × 126b = 7560ab.
The selling price of 40a items at the rate of 70b = 2800ab.
CP of 100a items at the rate of 100b = 10000ab.
Total SP = 7560ab + 2800ab = 10360ab.
Profit = 10360ab - 10000ab = 360ab.
Profit% = 360ab/10000ab × 100 = 3.6%.