DIRECTIONS for the question:Solve the following question and mark the best possible option.
The ratio of cost prices of four articles is 3 : 5 : 6 : 8 and their profits are 20%, 25%, 20% and 25% respectively. What is the overall percentage of profit on selling the four articles?
A)
11%
B)
C)
24%
D)
E)
36%
B
Let the costs be 300, 500, 600 and 800 respectively
Profits are 20%, 25%, 20% and 25% respectively
Which implies, 60, 125, 120 and 200 respectively; total profit = 505
Profit % = (505/2200)*100 = 22.9%
