Latest Self Aptitude Question SOLUTION: A trader marked his goods at 20% above the cost price. He sold half of the stock at the marked price, one quarter at a discount 20% on the marked price and rest at a discount 40% o

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(#M40039968) SELF Numerical Ability question Profit & Loss Keep an EYE

A trader marked his goods at 20% above the cost price. He sold half of the stock at the marked price, one quarter at a discount 20% on the marked price and rest at a discount 40% on the marked price. Determine his overall profit? (in terms of percentage)

Sagar Kumar Subudhi (9 years ago)

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Ravi Kumar  (9 years ago)

ans) 2% profit
let the cp of 1 item be 100
then mp of 1 item = 120
let there be 100 goods then total cp = 10000
according to question
he sells 50 goods at 120 = 6000
he sells 25 goods at 96 = 2400 and
he sells 25 goods at 72 = 1800
hence total sp =10200
profit = sp-cp=200
profit % =(profit/cp)*100
(200/10000)*100= 2%

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