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Two articles are sold at the same selling price. The first article is sold at a 60% profit, and the second at a 25% loss. What is the overall profit percentage?
- 60%
- 50%
- 40%
- 30%
Correct answer: 60%
Solution
If the common selling price is $S$, then the first cost price is $S/1.6$ and the second cost price is $S/0.75$. Adding these gives the total cost price, which is less than the total selling price by a margin that corresponds to 60% profit on the combined cost. Hence the overall profit percentage is 60%.
Related IBPS PO General Awareness questions
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