Question
A retailer sells two items, K and L. He gains a 12%
profit on item K, which costs Rs. 3600. If the overall profit from selling both items is 15%, what is the profit percentage on item L, which costs Rs. 2400?Solution
ATQ, Cost Price of K = Rs. 3600 Cost Price of L = Rs. 2400 Profit on K = 0.12 × 3600 = Rs. 432 Overall profit = 0.15 × (3600 + 2400) = Rs. 900 Profit on L = 900 – 432 = Rs. 468 Profit percentage on L = (468 / 2400) × 100 = 19.5%
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