If 80 percent of total articles are sold at a profit of 20 percent and remaining articles are sold at a loss of 30 percent. then what will be the overall profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 10 percent.
SP = CP ×
SP = CP ×
Let the total number articles be 100x and CP of each article is Rs. 100.
Total CP = 100 × 100x
⇒ 10000x
Now, SP of 80% of articles =
⇒
⇒ 16x × 6 = 96x
SP of remaining 20% of articles =
⇒ 14x
Total SP = (96x + 14x) × 100
⇒ 11000x
Profit = Total SP - total CP
⇒ 11000x - 10000x = 100x
Profit Percentage =
⇒ 10%
Hence the overall profit percxentage is 10 percent.