A man bought 2 articles for Rs. 3050 each. He sold one article at 10% profit and another at 20% profit. The total profit percentage he earned is?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 15%
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Understanding |
Application |
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CP of each article = Rs. 3050 Hence, Total CP = 3050 × 2 = 6100 |
1st article is sold at 10% profit: SP = 3050 × 1.1 = 3355 2nd article is sold at 20% profit: SP = 3050 × 1.2 = 3660 Total SP = 3355 + 3660 = 7015 Hence, % profit = [(7015 – 6100)/6100] × 100 = 915/61 = 15% |