A man sells one-third of his goods at a 15% profit, one-fourth at a 20% profit, and the rest at a 24% profit. What is his overall profit percentage? MCQ with Answer and Explanation

Question

A man sells one-third of his goods at a 15% profit, one-fourth at a 20% profit, and the rest at a 24% profit. What is his overall profit percentage?

A. 21%

B. 18%

C. 20%

D. 22%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let total goods = 120. Cost Price = 120. Parts are 40, 30, and 50. Profit = (40 * 15%) + (30 * 20%) + (50 * 24%) = 6 + 6 + 12 = 24. Overall profit percentage = (24 / 120) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 240

B. Rs. 270

C. Rs. 250

D. Rs. 260

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Correct Answer: Option C

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 7 articles is equal to the selling price of 5 articles, find the gain percent.

A. 40%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 5 = 7 => SP of 1 = 7/5 = 1.4, gain = 40%.

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Question #3

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A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 25%

B. 20%

C. 15%

D. 30%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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