Question
A trader buys two types of smartphones at different
prices: 10 smartphones at ₹25,000 each and 5 smartphones at ₹30,000 each. If the trader sells all the smartphones at a uniform price of ₹27,000 each, what is the overall percentage profit or loss?Solution
Cost price of 10 smartphones = 10 * 25,000 = ₹250,000 Cost price of 5 smartphones = 5 * 30,000 = ₹150,000 Total Cost Price = 250,000 + 150,000 = ₹400,000 Selling Price for 15 smartphones = 15 * 27,000 = ₹405,000 Profit = Selling Price - Cost Price = 405,000 - 400,000 = ₹5,000 Percentage Profit = (5,000 / 400,000) * 100 = 1.25%
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