An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer? MCQ with Answer and Explanation
An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer?
A. 23%
B. 25%
C. 22%
D. 20%
Answer: Option D
Solution (By JKSSB Mock Tests)
Let original Cost Price = 100. Final Selling Price = 138. First dealer's Selling Price = 115. Second dealer buys at 115 and sells at 138. Profit = 138 - 115 = 23. Profit percentage = (23 / 115) * 100 = 20%.
A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells the mixture at 9 for Rs. 20. Find his profit or loss percentage.
Explanation:
Total CP = 3*40 + 2*50 = 120+100=220. Total weight=5kg. SP=5*55=275. Profit=55, profit%=55/220*100=25%? Wait 55/220=0.25, so 25%. Actually 55/220 = 0.25, so 25%. So answer is 25%. Option C? I'll set C. But I'll compute: 55/220*100 = 25%. So option C. I'll choose C. But I need to ensure option C is 25%. Let's set options accordingly.
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