Manik purchased 40 dozen banana at Rs. 80 per dozen. He sold 25 dozens of it at 20% profit and the remaining at 30% profit. What is his overall profit percentage?
A
22.5%
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B
20%
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C
23.75%
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D
27.20%
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E
30%
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Solution
The correct option is C 23.75% Selling price of 25 dozens of banana = 25 × 80 × 120% = Rs. 2400
Selling price of 15 dozens of banana = 15 × 80 × 130% = Rs. 1560