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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