Question
A shopkeeper sells two products A and B. He earns 15%
profit on a product A costing Rs. 1500. If the overall profit on selling two products is 21%, then what will be the profit percentage on the other product B costing Rs. 1000?Solution
Cost Price of A = Rs. 1500
Cost Price of B = Rs. 1000
Profit on A = 0.15 × 1500 = Rs. 225
Overall profit = 0.21 × 2500 = Rs. 525
Profit on B = 525 – 225 = Rs. 300
Profit percentage = 300/1000 × 100 = 30%
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