Two-thirds of a certain number of items are sold at 35% profit, 25% of items are sold at 30% los,s and the remaining at 5% loss. What is the overall profit or loss percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Profit 15%.
Let total items = 12 and CP per item = 100
SP of 2/3 items (8 items) = 8 × 135 = 1080
SP of 1/4 items (3 items) = 3 × 70 = 210
SP of remaining (1 item) = 1 × 95 = 95
Total CP = 12 × 100 = 1200
Total SP = 1080 + 210 + 95 = 1385
Profit = 1385 - 1200 = 185
Profit percentage = (185/1200) × 100 =