Exams › SSC CGL (Prelims) › General
A retailer bought three different types of bags, B1, B2, and B3. The ratio of their cost prices was 4:5:6. He made a profit of 35% on B1, 18% on B2, but incurred a loss of 15% on B3. What was his approximate percent gain or loss in the entire transaction?
- Profit of 12.6%
- Loss of 4.8%
- Profit of 9.3%
- Loss of 6.4%
Correct answer: Profit of 9.3%
Solution
Take the cost prices as 4x, 5x, and 6x. Apply the given profit/loss percentages to each item, sum the selling prices, and compare with total cost to get the net percentage.
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