Bounty sold 3 cars for 513570 each.He made a profit of 6%,2% and a loss of 5% on the three cars,respectively. Find his total profit or loss percentage?
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Step-by-step explanation:
Here we need to find the C.P first to find the P% and L%.
C.P of first car :
C.P = S.P * 100 / 100 + 6
⇒ 51357000/ 106 = 484500
C.P of second car :
C.P = S.P * 100 / 100 + 2
⇒ 51357000/ 102 = 503500
C.P of third car :
C.P = S.P * 100 / 100 - 5
⇒ 51357000/ 95 = 540600
Now total C.P was = 484500 + 503500 + 540600 = 15,28,000
Total S.P = 513570 * 3 = 15, 40, 710 [ Subtracting them we get 12,710]
As S.P > C.P it is a profit.
Hence,
P% = 100 * P / C.P ⇒ 1271000/ 1528000
⇒ 0.83 [ approximated]%
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