Multiple choice

A man buys a machine for Rs. 5,000. After one year, he sells it for Rs. 6,000. After two years, again he buys the same machine at Rs. 8,000 and sells it for Rs. 10,000. Find his overall profit percentage for both the transactions.

  1. 20.23%

  2. 23.08%

  3. 18.75%

  4. 15.23%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost price = 5000 + 8000 = 13000. Total selling price = 6000 + 10000 = 16000. Total profit = 3000. Profit percentage = (3000 / 13000) * 100 = 300 / 13 = 23.0769%, which rounds to 23.08%.

AI explanation

Calculate the total cost price as 5000 + 8000 = Rs. 13000, and the total selling price as 6000 + 10000 = Rs. 16000. Using the overall profit percentage formula, (Total Profit / Total Cost Price) x 100, the profit is 16000 - 13000 = 3000. Therefore, the overall profit percentage is (3000 / 13000) x 100 = 23.08%.

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