A person purchases 40 items at ₹10 each. He sells a part of them at 25% profit and the remaining at 10% loss. The net profit is 4% in this transaction. The number of items he sold at a loss, is:
Answer & explanation
Correct answer: option 4
A person purchases 40 items = Rs. 10 each.
He sells a part of them profit of = 25%
He sells remaining at loss of = 10%
Net profit earned by him = 4%
Using allegation,
25% (-10%)
4%
14 : 21
2 : 3
2 + 3 = 5
5 = 40
1 = \(\frac{40}{5}\) = 8
Number of items sells at 10% loss = 8 × 3 = 24