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Select the correct answerA man bought 2 articles for ₹2650 each. He sold one article at 10% profit and another at 5% profit. The total profit percentage he earned is?Options8.50%8%7.50%10%

Question

Select the correct answerA man bought 2 articles for ₹2650 each. He sold one article at 10% profit and another at 5% profit. The total profit percentage he earned is?Options8.50%8%7.50%10%

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Solution

Sure, let's solve this step by step:

Step 1: Calculate the cost price of both articles. Since each article costs ₹2650, the total cost price is 2 * ₹2650 = ₹5300.

Step 2: Calculate the selling price of the first article. He sold it at a 10% profit, so the selling price is ₹2650 + 10% of ₹2650 = ₹2650 + ₹265 = ₹2915.

Step 3: Calculate the selling price of the second article. He sold it at a 5% profit, so the selling price is ₹2650 + 5% of ₹2650 = ₹2650 + ₹132.5 = ₹2782.5.

Step 4: Calculate the total selling price of both articles. The total selling price is ₹2915 (first article) + ₹2782.5 (second article) = ₹5697.5.

Step 5: Calculate the total profit. The total profit is the total selling price - total cost price = ₹5697.5 - ₹5300 = ₹397.5.

Step 6: Calculate the total profit percentage. The total profit percentage is (total profit / total cost price) * 100 = (₹397.5 / ₹5300) * 100 = 7.5%.

So, the correct answer is 7.50%.

This problem has been solved

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