Question

Mr. Ghosh purchased wrist watches worth Rs $60000$. He sold one-third of them at a profit of $30\%$, one third at a profit of $20\%$ and the remaining at loss of $5\%$. Calculate his overall profit loss percentage.

Answer 1

On third of $60,000=20,000$

selling price of $\frac{1}{3}=20,000+30\%\times 20,000$

$=26,000$

profit $=6000$

SP of another $\frac{1}{3}=20,000+20\%/100\times 20,000$

SP $=24,000$

profit $=4000$

Remaining watches $=60,000-(20,000+20,000)$

$=20,000$

SP of remaining wathes $=20,000-\frac{5}{100}\times 20,000$

SP $=19,000$

Loss $=1000$

Total profit $=(6000+4000)-1000$

$=9,000$

Total CP $=60,000$

Profit loss percentage $=\frac{9000}{60,000}\times 100$

$=15\%$

$\therefore$ profit loss percentage $=15\%$