Multiple choice

Abhi bought a certain quantity of oranges at total cost of Rs. 1200. He sold 1/3rd of those oranges at 20% loss. If Abhi earns an overall profit of 10%, at what profit percent did he sell the rest of the oranges?

  1. 16%

  2. 15%

  3. 22%

  4. 25%

  5. 20%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total cost = Rs. 1200. Cost of 1/3 oranges = 400, sold at 20% loss = 400 × 0.8 = Rs. 320. Cost of remaining 2/3 = 800. Overall 10% profit means total selling price = 1200 × 1.1 = Rs. 1320. Remaining oranges must sell for 1320 - 320 = Rs. 1000. Profit = (1000 - 800)/800 × 100 = 25%. Option D is correct.

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