A man sold 2/3 of the material he has at the rate of 15% profit and the remaining at a loss of 6%. Did he get a profit or Loss? And what is the %?
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Step-by-step explanation:
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Answer:
Profit of 8%
Step-by-step explanation:
Assuming the cost price of his material to be Rs.90,
he sold 2/3 of it i.e. of Rs.60 at a profit of 15%
=60x15/100
therefore profit was Rs.9 and thus the selling price was Rs.69
He sold the rest that is of Rs.30 at a loss of 6% which amounts to Rs.1.8 and thus the selling price is Rs.28.2
The total of selling price= 69+28.2= Rs.97.2
Therefore, there is a profit of Rs.7.2 on the cost of Rs.90 which is 8% of 90.
I hope this solves your doubt.
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