A person buys three spectacles at the rate of Rs. 4,000 per spectacles. He sells first spectacles at a profit of 30 percent, sells second spectacles at a loss of 10 percent and sell third spectacles at a loss of 10 percent. What is the total percentage of profit earned in the whole transaction?
Answer & explanation
Correct answer: option 3
Selling price of first at 30% profit = 10------11
Selling price of second at 10% loss = 10-----9
Selling price of third at 10% loss = 10-----9
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30 ----- 29= 1 loss
Loss percentage = \(\frac{1 × 100}{30}\) = 3.33%