New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper sells two products A and B. He earns 14%

    profit on a product A costing Rs. 160. If the overall profit on selling two products is 20%, then what will be the profit percentage on the other product B costing Rs. 200?
    A 35% Correct Answer Incorrect Answer
    B 24.8% Correct Answer Incorrect Answer
    C 14.4% Correct Answer Incorrect Answer
    D 27% Correct Answer Incorrect Answer
    E 28.5% Correct Answer Incorrect Answer

    Solution

    Cost Price of A = Rs. 160
    Cost Price of B = Rs. 200
    Profit on A = 0.14 × 160 = Rs. 22.4
    Overall profit = 0.20 × 360 = Rs. 72
    Profit on B = 72 – 22.4 = Rs. 49.6
    Profit percentage = 49.6/200 × 100 = 24.8 %

    Practice Next