-
I purchased 120 exercise books at the rate of $ 3 each and sold (1 / 3) of them at the rate of $ 4 each, (1 / 2) of them at the rate of $ 5 each and the rest at the cost price. My profit percent was
-
- 44%
-
44 4 % 9 -
44 4 % 3 - 45%
Correct Option: B
Given that , CP of 120 excercise books = $ (120 × 3) = $ 360
From the question ,
SP of 40 at $ 4 each = $ (40 × 4) = $ 160
SP of 60 at $ 5 each = $ (60 × 5) = $ 300
SP of remaining $ 20 books = $ (20 × 3) = $ 60
Total SP = $ (160 + 300 + 60) = $ 520
Profit = Total SP - Total CP = $ (520 – 360) = $ 160
| ∴ Profit percent = | × 100 | 360 |
| Profit percent = | = 44 | % | 9 | 9 |
