Question
The cost price of a bag is Rs. 350. A seller purchased 25
such bags. He sold 12 of them at a profit of 12%, 8 bags at 18% profit and the remaining bags for Rs. 400 each. Find the total profit earned by the seller.Solution
ATQ,
Total selling price of bags = (12 × 350 × 1.12) + (8 × 350 × 1.18) + (5 × 400) = 4704 + 3304 + 2000 = Rs. 10,008
And, total cost price = 350 × 25 = Rs. 8,750
So, profit earned = 10008 - 8750 = Rs. 1,258
Statements: L < E; M = O; E >K ≥ M
Conclusions:
I. L < M
II. K = O
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