Question

150 articles of the same kind were bought by a dealer for ₹12,750 and ₹12.50 per article was spent on packaging, transportation, etc. If 60% of them were sold for ₹115 each and the remaining for ₹120 each, find the profit/loss percentage.

• A. 15% profit
• B. 20% profit
• C. 25% profit
• D. 30% profit

Answer 1

The correct option is B

20% profit

As per the question,

150 articles of the same kind were bought for ₹ 12,750.

Cost of packaging per article (overhead charges) = ₹ 12.50

Net cost price of the articles = ₹12,750 + ₹12.5 × 150 = ₹14,625

Selling price of the articles = (60% × 150 × ₹ 115) + (40% × 150 × ₹ 120)

= ₹10,350 + ₹7,200

= ₹17,550
Here, SP > CP
Hence, Profit = SP - CP
= ₹17,550 - ₹14,625
= ₹2,925

Profit% = $\frac{Profit}{Costprice}\times 100\%$
=$\frac{2,925}{14,625}\times 100\%$ = 20%
Hence, the profit is 20%.