Question:
In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is
In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is
Updated On: Sep 26, 2024
- 6%
- 8%
- 10%
- 12%
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The Correct Option is B
Solution and Explanation
Let the cost of each good mango be denoted by 'g'.
The cost of each medium-quality mango is represented as 'm' \(=\frac{g}{2}\)
Total Cost Price \(=80+40\frac{g}{2}=100g\)
The overall selling price is given by \(120(0.9g)\), which equals \(108g. \)
The total profit is \(8\%.\)
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