Nalini purchased 20 dozen of apples at ₹48 per dozen. She sold 8 dozen of them at 10% profit and the remaining 12 dozen at 20% profit. What is the overall profit percentage gained in this transaction?
Nalini purchased 20 dozen of apples at ₹48 per dozen.
Cost price of 20 dozen of apples = ₹48 $$\times$$ 20 = ₹960 Eq.(i)
She sold 8 dozen of them at 10% profit.
Selling price of 8 dozen of apples = ₹48 of (100+10)% $$\times$$ 8
= ₹48 of 110% $$\times$$ 8
= $$48\times\frac{110}{100}\times8$$
= ₹422.4 Eq.(ii)
the remaining 12 dozen at 20% profit.
Selling price of remaining 12 dozen of apples = ₹48 of (100+20)% $$\times$$ 12
= 48 of 120% $$\times$$ 12
= $$48\times\frac{120}{100}\times12$$
= ₹691.2 Eq.(iii)Overall profit percentage gained in this transaction = $$\frac{\left(Eq.(ii)+Eq.(iii)\right)-Eq.(i)}{Eq.(i)}\times\ 100$$
= $$\frac{\left(422.4+691.2\right)-960}{960}\times\ 100$$
= $$\frac{1113.6-960}{960}\times\ 100$$
= $$\frac{153.6}{960}\times\ 100$$
= $$\frac{1536}{96}$$
= 16%
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