Multiple choice

Ankur makes 2000 balls and incurs a cost of Rs. 2.4 for each ball. He marks up the price in such a way that if he sells only 70% of the manufactured balls he will realise 33.32% overall profit. He sells only 1500 balls at the marked price since rest of the balls are found to be defective and cannot be sold. What will be the net approximate profit or loss of Ankur?

  1. 43.75% Profit

  2. 40.25% Profit

  3. 48.50% Loss

  4. 44.90% Loss

  5. None of these
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