Question
A shopkeeper sells two products A and B. He earns 14%
profit on a product A costing Rs. 1700. If the overall profit on selling two products is 20%, then what will be the profit percentage on the other product B costing Rs. 1200?Solution
Cost Price of A = Rs. 1700
Cost Price of B = Rs. 1200
Profit on A = 0.14 × 1700 = Rs. 238
Overall profit = 0.20 × 2900 = Rs. 580
Profit on B = 580 – 238 = Rs. 342
Profit percentage = 342/1200 × 100 = 28.5%
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