Multiple choice

A tricycle was purchased for Rs. 2000 and a cycle was purchased for Rs. 1500. If the cycle is sold at a profit of 25% and the tricycle is sold at a profit of 12%, then what is the total profit percentage in the whole transaction?

  1. 17.45%

  2. 19.67%

  3. 17.57%

  4. 19.56%

  5. 18.12%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total cost = 2000 + 1500 = 3500. Profit from cycle = 0.25 * 1500 = 375. Profit from tricycle = 0.12 * 2000 = 240. Total profit = 375 + 240 = 615. Profit percentage = (615 / 3500) * 100 = 17.57%.

AI explanation

Using the cost prices, the total cost is 2000 plus 1500, which equals 3500. The profit on the tricycle is 12% of 2000, equalling 240, and the profit on the cycle is 25% of 1500, equalling 375, making the total profit 615. Applying the profit percentage formula, (615 / 3500) multiplied by 100 gives 17.57%.

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