Prakash bought 2 items, paying the same price for each of them. He sold one item at a profit of 20% and the other item at a profit of 25%. What is the overall percentage profit he made? |
37.5% 24.5% 16.5% 22.5% |
22.5% |
Profit on 1st = 20% Profit on 2nd = 15% Let the cost price of the items = 100 Then, according to the question, Profit on 1st item = 20% of 100 = 20 Profit on 2nd item = 25% of 100 = 25 ⇒ Total profit on selling both the items = 45 Also, total cost price = 200 Profit % = \(\frac{45}{200}\) × 100= 22.5% |