Multiple choice

Abhinav buys certain female accessories worth Rs. 14200. He decides to make a profit of 8% on the sale of accessories worth Rs. 3200 and increase the profit percent by 4% for sales up to Rs. 8200 and then, increase the profit percent for the sale of remaining lot such that he is able to make a profit of 37% on the sale of the full lot. Find the profit that he makes on the third lot of female accessories.

  1. Rs. 5620

  2. Rs. 3342

  3. Rs. 5546

  4. Rs. 4398

  5. Rs. 3254
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total cost = 14200. Target profit = 37% of 14200 = 5254. Lot 1 (3200) profit = 8% of 3200 = 256. Lot 2 (5000) profit = 12% of 5000 = 600. Remaining lot = 14200 - 3200 - 5000 = 6000. Required profit from lot 3 = 5254 - 256 - 600 = 4398.

AI explanation

The overall profit target on the total worth of Rs. 14200 at 37% is Rs. 5254. The profit from the first lot of Rs. 3200 at 8% is Rs. 256, and the profit from the second lot of Rs. 5000, which is the amount up to Rs. 8200, at an increased rate of 12% is Rs. 600. The total cost of the remaining third lot is Rs. 6000, and since the combined required profit is Rs. 5254, the profit made on this third lot must be 5254 minus 256 minus 600, resulting in Rs. 4398.

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