Question : Kisna buys a cow for INR 15,000. After one year, he sells it for INR 18,500. After one year, again he buys the same cow at INR 19,000 and sells it for INR 22,300. What is the overall profit percentage of Kisna?
Option 1: 18%
Option 2: 10%
Option 3: 20%
Option 4: 15%
Correct Answer: 20%
Solution :
1st case:
The cost price of a cow = INR 15000
The selling price of the cow = INR 18500
Profit = selling price – cost price = 18500 – 15000 = 3500
2nd case:
The cost price of a cow = INR 19000
The selling price of the cow = INR 22300
Profit = selling price – cost price = 22300 – 19000 = 3300
Total profit in both = 3500 + 3300 = 6800
Total cost price = 15000 + 19000 = 34000
Overall profit percentage = $\frac{\text{Total profit}}{\text{Total cost price}}\times100$
= $\frac{6800}{34000}\times100$
= 20%
Hence, the correct answer is 20%.
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