A trader marks his goods at 35% above the cost price. He sells 80% of the goods at the marked price and rest, he sells by allowing 35% discount on the marked price. His profit percent is:
- A27.55
- B25.55
- C20
- D35
Solution & Step-by-step Explanation
Let the total cost price of total goods be Rs. 100.
The total marked price (MP) will be:
MP=100+35% of 100=135
Now, the goods are divided into two parts:
80% of the goods are sold at the marked price:
Revenue
1
=80% of 135=
100
80
×135=108
The remaining 20% of the goods are sold at a 35% discount on the marked price:
Selling Price of remaining portion per unit relative to MP=135×(1−
100
35
)=135×0.65=87.75
Revenue
2
=20% of 87.75=
100
20
×87.75=17.55
Total Selling Price (SP):
Total SP=Revenue
1
+Revenue
2
=108+17.55=125.55
Profit percentage:
Profit %=
Total CP
Total SP−Total CP
×100
Profit %=
100
125.55−100
×100=25.55%
The total marked price (MP) will be:
MP=100+35% of 100=135
Now, the goods are divided into two parts:
80% of the goods are sold at the marked price:
Revenue
1
=80% of 135=
100
80
×135=108
The remaining 20% of the goods are sold at a 35% discount on the marked price:
Selling Price of remaining portion per unit relative to MP=135×(1−
100
35
)=135×0.65=87.75
Revenue
2
=20% of 87.75=
100
20
×87.75=17.55
Total Selling Price (SP):
Total SP=Revenue
1
+Revenue
2
=108+17.55=125.55
Profit percentage:
Profit %=
Total CP
Total SP−Total CP
×100
Profit %=
100
125.55−100
×100=25.55%