a man sells two articles each for the same price rs 500 he earns 25% profit on the first and 35% profit on the second find his approximate overall percent profit
Answers
Step-by-step explanation:
1st selling price = cost price x profit/100
500 = cp1 x125/100
cp = 400
2nd selling price = cost price x profit/100
500= cp2x135/100
cp2=370.37
total cp = 400 +370.37 = 770.37
total sp =1000
total profit= (sp-cp)/cpx100 =
(1000-770.37)/770.37x100 =29.8%
The overall profit is "30%"
Step-by-step explanation:
Sold prize of the book= original rate + profit
Here the original rate is 100%.
1) for the first book
500= 100%+25%
125%=500
1%=500/125
100%=(500/125)*100
100%=400rs
first book original prize= 400rs.
2) for the second book
500= 100%+35%
135%=500
1%=500/135
100%=(500/135)*100
100%=370.37rs
second book original prize=370.37rs.
Total profit= sold prize - original prize
= (500+500)- (400+370.37)
= 1000- 770.37
Total profit=229.63rs.
Total profit in percentage = (profit/ original prize )*100
=(229.63/770)*100
Total profit in percentage = 29.82%