Question Paper from: IBPS Clerk Prelims 2017

Cost price of two articles is same, trade man got a profit of 40% on the first article, selling price of the second article is 25% less than the first article, then find overall profit percent.

23%

12 $\frac{1}{2}$ %

25%

22 $\frac{1}{2}$ %

None of these

Solution:

Chapter Name: Profit and Loss

Let cost price of both article = 100x

Profit on sell of 1st article = 40% of 100x = 40x

Selling price of 1st article = 140x

Selling price of 2nd Article = 140x – $\frac{140 \times 25}{100}$ = 105x

Profit of on 2nd Article = 105x – 100x = 5x

Total profit percent = $\frac{45 x}{200 x}$ × 100

= 22 $\frac{1}{2}$ %

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