Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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?

Options:

37.5%

24.5%

16.5%

22.5%

Correct Answer:

22.5%

Explanation:

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%