Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 12.5%.
| Understanding/Application |
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Let price of each article be Rs. 100 Total cost price of the articles = Rs. 8000 After removing 25% defective articles, S.P. of remaining 60 articles = Rs. 150 Total S.P. = 60(150) = Rs. 9000 |
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Overall profit % = [(S.P. - C.P.)/C.P.] × 100 = [(9000 - 8000)/8000] × 100 = 1000/80 = 12.5% |