Question

. (A fruit-seller buys some oranges and by selling 40% of them he realizes the cost price of all the oranges. As the oranges being to grow over-ripe, he reduces the price and sells 60% of the remaining oranges at one third of the previous rate of profit. The rest of the oranges being rotten are thrown away. The overall percentage of profit is???

answer is 54% but how I need explanation​

Answer 1

Answer:

Step-by-step explanation:

40% of them he realizes the cost price of all the oranges

(100-40)=60

60×100/40=150%

60% of the 60

60/100×60=36

one third of the previous rate of profit means 50%

36+50%36=36+18=54

SP=100+54=154

The overall percentage of profit is

154-100=54%