Question
A fruit seller hiked the price of oranges by 25%. He
managed to sell half of them at the marked price and gave a 20% discount on the rest. Calculate his total profit percentage.Solution
ATQ,
Let quantity of oranges bought be 2y. Let the cost price of each orange be Rs. 100x. Selling price of oranges sold at 25% markup = 100x Ă— 1.25 Ă— y = Rs. 125xy Selling price of oranges sold at 20% discount = 100x Ă— 1.25 Ă— 0.8 Ă— y = Rs. 100xy Total profit earned = 125xy + 100xy - 100x Ă— 2y = Rs. 25xy Gain percentage = (25xy / 200xy) Ă— 100 = 12.5%
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