A man bought three articles for Rs.3,000 each. He sold the articles at 15% profit, 10% profit and 15% loss, respectivel. The total percentage profit/loss he earned is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e 10/3% profit
Profit percentage = [(SP – CP)/CP] × 100
Since the man bought three articles for Rs. 3000 each.
Total CP = Rs. 9000
He sold the articles respectively at 15% profit, 10% profit and 15% loss:
SP of 1st article = 3000 × 1.15 = 3450
SP of 2nd article = 3000 × 1.1 = 3300
SP of 3rd article = 3000 × 0.85 = 2550
Total SP = 3450 + 3300 + 2550 = 9300
∴ Profit percentage = [(9300 – 9000 /9000)] × 100 = 10/3%