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Question : If 80% of total articles are sold at a profit of 25% and the remaining articles are sold at a loss of 20%, then what will be the overall profit percentage?

Option 1: 15%

Option 2: 12.5%

Option 3: 16%

Option 4: 20%


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 16%


Solution : Let the cost price of 1 article be Re. 1 and the number of articles be 100.
So, the selling price (SP) of 80% article = Cost price of 80 articles + Profit
= 80 + 25% of 80 = Rs. 100
Now, the selling price of the remaining 20% of articles = Cost Price of 20 articles – Loss
= 20 – 20% of 20 = Rs. 16
The selling price of 100 articles = Rs. (100 + 16) = Rs. 116
So, net profit = 116 – 100 = Rs. 16
Profit percentage = $\frac{16}{100}×100$ = 16%
Hence, the correct answer is 16%.

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