Aptitude question. Answer
Ques. A merchant bought some goods worth Rs. 6,000/- and sold half of them at 12% profit. At what profit percent should he sell the remaining goods to make an overall profit of 18%? a) 24% b) 28% c) 18% d) 20% e) 26%
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Your Answer
Right answer should be 24%
Explanation:
Let CPT (total) = 6000/-
Therefore, cost of half of goods CP1= 3000/- and of other half goods = CP2= 3000/-
So, SP1=3000 × 1.12 = 3360/- and SPT= 6000 × 1.18 = 7080/-
Thus, SP2= 7080 – 3360 = 3720/-
Profit % = [(3720 - 3000) / (3000)] * 100 = 24%
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