A sold an article for ₹1495 at a profit of 15%. He purchased another article having cost price equal to the previous article. He sold this new article at a profit of 10%. How much total profit has A earned?
Cost price(CP), Selling price(SP), Profit(P)
A sold an 1st article for ₹1495 at a profit of 15%.
SP of 1st article = 1495
P% = 15%
P % = $$ \frac{SP - CP}{CP} \times 100 $$
Substituting,
$$ \frac{15}{100} = \frac{1495 - CP}{CP} $$
On solving, CP = 1300
A purchased 2nd article having cost price equal to the 1st article.
CP = 1300
P% = 10%
P% = $$ \frac{SP - CP}{CP} \times 100 $$
Substituting,
$$ \frac{10}{100} = \frac{SP - 1300}{1300} $$
On solving, SP = 1430
Total CP = 1300 + 1300 = 2600
Total SP = 1495 + 1430 = 2925
Total P = 2925 - 2600 = 325
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