A man buys an article at 16 for ₹1,200 and an equal number of articles at 12 for ₹960. He sells all the articles at 15 for ₹1,350. His profit percentage in the entire transaction is (correct to one decimal place) :
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 16.7%.
Total CP = 1200 + 960 = ₹2160
SP per article = = ₹90
Total articles = 16 + 12 = 28
Total SP = 28 × 90 = ₹2520
Profit = 2520 − 2160 = ₹360
Profit% = × 100 = 16.7%