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A shopkeeper bought a sofa-set, a centre table and a dining table for ₹15,000, ₹3,000 and ₹7,000, respectively. He sold the sofa-set at 20% profit and the centre table at 15% profit. At what profit percentage should he sell the dining table to earn 18% on the whole transaction?

  1. A
    12.50%
  2. B
    15%
  3. C
    17.50%
  4. D
    12%

Solution & Step-by-step Explanation

Let the cost prices of the sofa-set, centre table, and dining table be CP
1

,CP
2

, and CP
3

respectively.

CP
1

=15000
CP
2

=3000
CP
3

=7000
The ratio of their cost prices is:

CP
1

:CP
2

:CP
3

=15000:3000:7000=15:3:7
Total parts =15+3+7=25

Let the required profit percentage on the dining table be x%.
Using the weighted average formula for overall profit percentage:

25
15×20%+3×15%+7×x%

=18%
300+45+7x=18×25
345+7x=450
7x=450−345
7x=105
x=15%
Thus, he should sell the dining table at a profit of 15%.

Practice this question

Try it yourself before checking the explanation above.

A shopkeeper bought a sofa-set, a centre table and a dining table for ₹15,000, ₹3,000 and ₹7,000, respectively. He sold the sofa-set at 20% profit and the centre table at 15% profit. At what profit percentage should he sell the dining table to earn 18% on the whole transaction?
A
12.50%
B
15%
C
17.50%
D
12%

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