Multiple choice

Adi purchased 2 blankets for Rs. 500 each. He sells one at the profit of 15% and the other at the loss of 10%. Find his overall profit percentage.

  1. 5%

  2. 4%

  3. 2%

  4. 2.5%

  5. 3.5%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total cost = 1000. Profit on first = 15% of 500 = 75. Loss on second = 10% of 500 = 50. Net profit = 75 - 50 = 25. Profit percentage = (25/1000) * 100 = 2.5%.

AI explanation

Adi's total cost price for the two blankets is 500 + 500 = Rs. 1000. He sells the first at a 15% profit, earning Rs. 75, and sells the second at a 10% loss, losing Rs. 50. His overall profit is 75 - 50 = Rs. 25 on the total investment of Rs. 1000. Using the overall profit percentage formula, (25 / 1000) * 100 = 2.5%.

Keep practicing — related questions