Practicing Success
Kisna buys a cow for ₹15,000. After one year, he sells it for ₹18,500. After one year, again he buys the same cow at ₹19,000 and sells it for ₹22,300. What is the overall profit percentage of Kisna? |
18% 10% 20% 15% |
20% |
Kisna buys a cow for 15,000. After one year, he sells it for 18,500. Cost price first time = 15000 Selling price first time = 18500 After one year, again he buys the same cow at 19,000 and sells it for 22,300. Cost price second time = 19000 Selling price second time = 22300 Overall profit percentage = \(\frac{(18500 + 22300) – (15000 + 19000)}{ (15000 + 19000)}\) = \(\frac{6800}{34000}\) × 100 = 20% |