Shopkeeper bought 40 pieces of an article at a rate of Rs. 50 per item. He sold 35 pieces with 20% profit. The remaining 5 pieces…

Question

Shopkeeper bought 40 pieces of an article at a rate of Rs. 50 per item. He sold 35 pieces with 20% profit. The remaining 5 pieces were sold with 10% loss. Find his overall profit percentage.

1. A. 30%
2. B. 10%
3. C. 16.25% (Correct answer)
4. D. 32.5%

Correct Answer

Option C — 16.25%

Detailed Solution & Explanation

The correct answer is 16.25%.

Key Points

• Total CP = 2000. SP of 35 = 35x60 = 2100. SP of 5 = 5x45 = 225. Total SP = 2325. Profit = 325.
• Profit% = 325/2000 x 100 = 16.25%.