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
Solution
Let's calculate the total cost price and total selling price of the three articles.
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Cost price of each article = ₹6,000 So, total cost price of three articles = 3 * ₹6,000 = ₹18,000
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Selling price of first article = ₹6,000 + 15% of ₹6,000 = ₹6,000 + ₹900 = ₹6,900
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Selling price of second article = ₹6,000 + 12% of ₹6,000 = ₹6,000 + ₹720 = ₹6,720
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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".
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