Three-fourth of a consignment was sold at a profit of 8% and the rest at a loss of 4%. If there was an overall profit of Rs.600, then find the value of the consignment.
Answer & explanation
Correct answer: option 4
Let the value of the consignment is Rs X
\(\frac{3x}{4}\) × \(\frac{8}{100}\) - \(\frac{1x}{4}\) × \(\frac{4}{100}\) =600
\(\frac{24x}{400}\) - \(\frac{4x}{400}\) = 600
\(\frac{20x}{400}\) = 600
x = 12000