A shopkeeper sold 1/4 of his stock at a gain of 25%, and the remaining stock at a gain of 19%. His total percentage of gain was:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20.5%.
Calculations:
According to the question,
⇒ (1/4) × (125/100) + (3/4) × (119/100) = 482/400
As, Selling price = 482 and cost price = 400
Profit percentage = ((482 - 400)/400) × 100
⇒ 20.5%