A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods? MCQ with Answer and Explanation
A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?
A. Rs. 20000
B. Rs. 18000
C. Rs. 16000
D. Rs. 15000
Answer: Option B
Solution (By JKSSB Mock Tests)
Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.
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