Question

A man bought 2 articles for Rs. 3,000 each. He sold one article at 10% profit and another at 5% profit. Find the total percentage profit he earned.

• A. 15%
• B. 6.5%
• C. 7.5%
• D. 8.5%

Answer 1

Answer:

C. 7.5%

Selling Price of one article at 10% profit = 3000 × 110/100 = Rs.3300 Selling Price of another article at 5% profit = 3000 × 105/100 = Rs.3150 Total Selling Price of both articles = 3300 + 3150 = Rs.6450 Total Cost Price of both articles = Rs.3000 + Rs.3000 = Rs.6000 Profit on both articles = Rs.6450 - Rs.6000 = 450 Profit Percent on both articles = 450/6000 × 100 ⇒ 7.5%