Question
A dealer sells two types of gadgets, E and F. He earns a
10% profit on gadget E costing Rs. 1500. If the overall profit on selling both gadgets is 18%, then what will be the profit percentage on the other gadget F costing Rs. 1800?Solution
ATQ, Cost Price of E = Rs. 1500 Cost Price of F = Rs. 1800 Profit on E = 0.1 × 1500 = Rs. 150 Overall profit = 0.18 × (1500 + 1800) = Rs. 594 Profit on F = 594 – 150 = Rs. 444 Profit percentage on F = (444/1800) × 100 = 24.67%
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