Question 53

A person purchases 40 items at ₹10 each. He sells a part of them at 25% profit and the remaining at 10% loss. The net profit is 4% in this transaction. The number of items he sold at a loss, is:

Solution

Given, total number of items = 40

Using alligation and mixture,

Ratio of number of items sold at 25% profit and 10% loss = 2 : 3

$$\therefore\ $$Number of items sold at 10% loss = $$\frac{3}{2+3}\times40$$ = 24

Hence, the correct answer is Option C

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