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Question

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

Total selling price = 2400 + 1560 = Rs. 3960

Total cost price = 80 × 40 = Rs. 3200

Profit = 3960 – 3200 = Rs. 760

Profit percentage = (760/3200) × 100 = 23.75%

Hence, option C is the correct.

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