Q.
A fruit merchant bought some bananas. One fourth of them got spoiled. He sold another one-fourth of them at 24% loss and the remaining at 18% profit. Find his overall loss percentage.
383
153
Profit and Loss, Discount and Partnership
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Solution:
Suppose the merchant bought 100 bananas. 25 of them got spoiled. 25 of them were sold at 24% loss and the remaining 50 of them were sold at 18% profit.
Let the cost price of each banana be ₹x. ∴ Total cost price =₹100x
Total selling price ( in ₹)=(25)(0)+(25) (x)(1−10024)+(50)(x)(1+10018) =(0+19+59)x=78x, which is less than total C.P. ∴ An overall loss is made. ∴ Overall loss =₹22x ∴ Overall loss percentage =100x22x(100)% =22%