A shopkeeper bought a sofa set, a centre table, and a dining table for ₹15,000, ₹3,000, and ₹7.000, respectively. He sold the sofa set at 20% profit and the centre table at 15% profit. At what profit percentage should he sell the dining table to earn 18% on the whole transaction?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 15%.
Total CP = 15000 + 3000 + 7000 = 25000
Target SP = 25000 × 1.18 = 29500
Sofa SP = 15000 × 1.2 = 18000
Earned = 18000 + 3450 = 21450
Remaining = 29500 – 21450 = 8050
Dining table CP = ₹7000
Profit% = = 15%