Question
A vendor sells two varieties of items, I and J. On item
I, which costs Rs. 2200, he makes a 12% profit. If the aggregate profit from selling both items is 22%, what is the profit percentage on item J, which has a cost price of Rs. 2800?Solution
ATQ, Cost Price of I = Rs. 2200 Cost Price of J = Rs. 2800 Profit on I = 0.12 × 2200 = Rs. 264 Overall profit = 0.22 × (2200 + 2800) = Rs. 1100 Profit on J = 1100 – 264 = Rs. 836 Profit percentage on J = (836/2800) × 100 = 29.86%
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