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
Let the cost of good mangoes be 2x per kg. The cost of medium mangoes be x per kg.
CP of good mangoes = 160x
CP of medium mangoes = 40x
His selling price = 0.9*2x = 1.80x
Therefore, total revenue generated by selling all the mangoes = 120*1.8x = 216x
Hence, the profit % = $$\frac{16x}{200x} * 100 $$ = 8%
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