A merchant purchases some articles at the rate of rs 1625 per hundred.He purchases double the same article from another company at the rate of rs172.50 per dozen.He sells all the articles at rs 20 per piece.what is his profit%
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Answer:
33.33%
Step-by-step explanation:
Purchase 1:
Cost price per unit = 1625 / 100 = Rs. 16.25
Assume quantity = 300;
Cost price = 16.25 x 300 = 4875
Purchase 2:
Cost price per unit = 172.50 / 12 = 14.375
Quantity = 600
Cost price = 14.375 x 600 = 8625
Total Cost price = 13500
Total Quantity = 900
Selling price per unit = 20
Total Selling price = 900 x 20 = 18000
Profit % = (Selling Price - Cost price) / Cost Price
= 18000 - 13500 / 13500
= 4500 / 13500
= 1/3
= 33.33%
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