Question

In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones His overall profit is

• A. 6%
• B. 8%
• C. 10%
• D. 12%

Answer 1

Answer: (B)

8%

Let the good quality mangoes be priced at Rs. 100/kg.
Medium quality mangoes' price = Rs. 50/kg
Profit percentage $=\left[\frac{\left\{\right(80+40)\times 90-(40\times 50)-(80\times 100\left)\right\}}{\left\{\right(40\times 50)+(80\times 100\left)\right\}}\right]\times 100=[\left(\frac{10800}{10000}\right)-1]\times 100=8$