Question

In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is

• A. 6%
• B. 8%
• C. 10%
• D. 12%

Answer 1

Answer: (B)

8%

Answer 2

Let the cost of each good mango be denoted by 'g'.
The cost of each medium-quality mango is represented as 'm' $=\frac{g}{2}$

Total Cost Price $=80+40\frac{g}{2}=100g$
The overall selling price is given by $120(0.9g)$, which equals $108g.$
The total profit is $8\%.$