Arun bought 50 kg of rice at a discount of 15% on the marked price. For purchasing a bulk quantity, he was given. 5 kg of wheat (the marked price of which was 60% of the marked price of rice) free of cost. Had the retailer sold both items at their marked price to his other customers, then approximately what would be the profit percentage that the shopkeeper could earn?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 24.7%.
Let the cost of rice = Rs. x/kg
Price of 50 kg rice = Rs. 50x
CP of rice for Arun = 50x × (85/100) = Rs. 42.5x
The price of an extra 5 kg of wheat = 5 × 0.6x = Rs. 3x
Profit = (53x - 42.5x) = 10.5x
Profit percentage = (10.5x/42.5x) × 100 = 24.7%