A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods? MCQ with Answer and Explanation

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A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?

A. Rs. 20000

B. Rs. 16000

C. Rs. 15000

D. Rs. 18000

Answer: Option D

Solution (By JKExamLibrary)

Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 160

B. Rs. 165

C. Rs. 170

D. Rs. 155

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Correct Answer: Option A

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 20%

B. 15%

C. 18%

D. 25%

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Correct Answer: Option A

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1680

B. Rs. 1720

C. Rs. 1580

D. Rs. 1620

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SP = 1500 * 1.12 = 1680.

This question belongs to: Maths Profit And Loss

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