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A shop sold three articles whose selling prices were in the ratio 4 : 5 : 6. On these it earned 25% profit, 15% loss and 20% profit respectively. What is the approximate overall profit or loss percentage?
- 6.5% profit
- 8.52% loss
- 10% profit
- 10% loss
Correct answer: 6.5% profit
Solution
Cost prices come to 3.2, 5.882 and 5, totalling 14.082 against a total SP of 15. The gain of 0.918 on 14.082 is about 6.5% profit.
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