Ramesh purchased 130 books at the rate of ₹200 each and sold half of them at the rate of ₹300 each, one-fifth of them at the rate of ₹350 each and the rest at the cost price. Find his profit percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 40%.
The total cost of 130 books = 130 × 200 = ₹26,000
Ramesh sold half of the books at ₹300 each.
The selling price of 65 books = 65 × 300 = ₹19,500
He sold one-fifth of the books at ₹350 each.
One-fifth of 130 books = 130/5 = 26 books
The selling price of 26 books = 26 × 350 = ₹9,100
The remaining books are 130 - 65 - 26 = 39
He sold the remaining books at the cost price of ₹200 each.
The selling price of 39 books = 39 × 200 = ₹7,800
Total selling price = 19500 + 9100 + 7800 = ₹36,400
Profit = 36400 - 26000 = ₹10,400
Profit percentage = (Profit/Cost Price) × 100 = (10400/26000) × 100 = 40%
Therefore, the profit percentage of Ramesh is 40%.