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Select the correct answerA man bought three articles for ₹6,000 each. He sold the articles respectively at 15% profit, 12% profit and 15% loss. The total percentage profit/loss he earned is?Options3% loss4% profit4% lossNo profit no loss

Question

Select the correct answerA man bought three articles for ₹6,000 each. He sold the articles respectively at 15% profit, 12% profit and 15% loss. The total percentage profit/loss he earned is?Options3% loss4% profit4% lossNo profit no loss

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Solution

Let's calculate the total cost price and total selling price of the three articles.

  1. Cost price of each article = ₹6,000 So, total cost price of three articles = 3 * ₹6,000 = ₹18,000

  2. Selling price of first article = ₹6,000 + 15% of ₹6,000 = ₹6,000 + ₹900 = ₹6,900

  3. Selling price of second article = ₹6,000 + 12% of ₹6,000 = ₹6,000 + ₹720 = ₹6,720

  4. Selling price of third article = ₹6,000 - 15% of ₹6,000 = ₹6,000 - ₹900 = ₹5,100

    So, total selling price of three articles = ₹6,900 + ₹6,720 + ₹5,100 = ₹18,720

Now, let's calculate the total percentage profit/loss.

Profit or Loss = Total Selling Price - Total Cost Price = ₹18,720 - ₹18,000 = ₹720

Percentage Profit or Loss = (Profit or Loss / Total Cost Price) * 100 = (₹720 / ₹18,000) * 100 = 4%

Since the value is positive, it is a profit. So, the man earned a total of 4% profit. Therefore, the correct answer is "4% profit".

This problem has been solved

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