A man purchased 3 identical electric fans at a total cost of ₹4,320. He sold two of them at a gain of 15% each and the third one at a loss of 10%. What is his overall profit or loss percentage?
Show answer & explanation
Correct answer: C
Explanation
Total cost of 3 fans = ₹4320
Cost price of 1 fan = 4320 / 3 = 1440
Selling price of the first 2 fans (15% profit) = 1440 × 1.15 = 1656
Total selling price of 2 fans = 2 × 1656 = 3312
Selling price of the third fan (10% loss) = 1440 × 0.90 = 1296
Total selling price = 3312 + 1296 = 4608
Total profit = 4608 − 4320 = 288
Profit percentage = (288 / 4320) × 100 = 6.67%