Question
A shopkeeper sells two products A and B. He earns 12%
profit on a product A costing Rs. 2000. If the overall profit on selling two products is 17%, then what will be the profit percentage on the other product B costing Rs. 1250?Solution
Cost Price of A = Rs. 2000 Cost Price of B = Rs. 1250 Profit on A = 0.12 × 2000 = Rs. 240 Overall profit = 0.17 × 3250 = Rs. 552.5 Profit on B = 552.5 – 240 = Rs. 312.5 Profit percentage = 312.5/1250 × 100 = 25%
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