A shopkeeper sells one-fourth of his goods at a profit of 20%, another one-fourth at a profit of 25%, another one-fourth at a profit of 10%, and the rest at a loss of 5%. His overall profit percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 12.5 Percent.
Let CP = 100
According to the questions
SP = (25 × 120/100) + (25 × 125/100) + (25 × 110/100) + (25 × 95/100)
= 30 + 31.25 + 27.5 + 23.75
= 112.5
Profit % = [(112.5 - 100)/100] × 100 = 12.5%