A shopkeeper sells one-third of his goods at a profit of 10%, another one-third at a profit of 20%, and the rest at a loss of 6%.What is his overall profit percentage?

Answer: 8%
Explanation

1. One-third of the goods are sold at a 10% profit, so the profit from this portion is:

(1/3) x 10% = 3.33%

2. Another one-third of the goods are sold at a 20% profit, so the profit from this portion is:

(1/3) x 20% = 6.67%

3. The rest (1/3) of the goods are sold at a 6% loss, so the loss from this portion is:

(1/3) x (-6%) = -2%

4. Add up the profits and losses to find the overall profit percentage:

3.33% + 6.67% - 2% = 8%

So, the shopkeeper's overall profit percentage is 8%.

This question appeared in Past Papers (4 times)
PPSC 5 Years Past Papers Subject Wise (Solved with Details) (2 times)
PPSC Labour Officer Past Papers and Syllabus (1 times)
This question appeared in Subjects (1 times)
MATHS MCQS (1 times)

Install this app on your device for quick access right from your home screen.