Three-fourths of a consignment was sold at a profit of 8% and the rest at a loss of 4%. If there was an overall profit of Rs.600, then find the value of the consignment.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs.12,000.
We have given,
Three-fourths of a consignment was sold at a profit of 8% and the rest at a loss of 4%.
By using the weighted average
3 : 1
+8% -4%
Overall profit % = [(8 × 3) + (-4 × 1)]/4 = 5%
5% = 600( given)
1% = 120
100% = 12000