Profit And Loss Ques 18
Question.
A trader marks up his goods by $50 \%$. However, he could sell only one-third of his stock at this price. The half of the remaining stock was sold at a discount of $7.14 \%$ and the remaining at a discount of $16.67 \%$. Find the overall percentage profit of the trader.
(1) $38 \%$
(2) $42 \%$
(3) $29 \%$
(4) $34 \%$
(5) $40 \%$
(IBPS Bank PO/MT CWE-V Main Exam. 31.10.2015)
Show Answer
Correct Answer: (1)
Solution: (1)
Total C.P. $=$ Rs. 100
Marked price $=$ Rs. 150
S.P of one third stock $=$ Rs. 50
Remaining stock $=$ Rs. 100
S.P of half stock $=\frac{50 \times 92.86}{100}=$ Rs. 46.43
S.P. of remaining half stock $=\frac{50 \times 83.33}{100}=$ Rs. 41.665
Total S.P $=(50+46.43+41.665)$ $=$ Rs. 138.095
$\therefore$ Profit percent $=38 \%$
BETA
