Question
A shopkeeper bought 30 articles at Rs. 12 each. He sold
10 at 40% profit, 15 at 10% loss, and the rest at 5% loss. Determine the overall profit or loss.Solution
ATQ, Total cost price of all the articles = 30 × 12 = Rs. 360. Total selling price of all the articles = {10 × (12 × 1.4) + 15 × (12 × 0.9) + 5 × (12 × 0.95)} = 168 + 162 + 57 = Rs. 387 Overall profit = 387 - 360 = Rs.27
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