Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Option 1: Loss 2.8%
Option 2: Profit 2.8%
Option 3: Profit 3.6%
Option 4: Loss 3.6%
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
Correct Answer: Profit 3.6%
Solution :
Let the cost price be 100
Marked price at 40% = 140.
If the total number of articles (goods) is 100, then according to the question:
Selling price of the 60% goods at 10% discount = $60\times(\frac{90}{100}\times140)=7560$
Selling price of the remaining 40% goods at 50% discount = $40\times(\frac{50}{100}\times140)=2800$
Overall selling price = 7560 + 2800 = 10360
Profit percentage = $\frac{\text{selling price - cost price}}{\text{cost price}}\times100$
= $\frac{10360-10000}{10000}\times100$
= 3.6% profit
Hence, the correct answer is 3.6% profit.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
