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Q.

The ratio of selling price of article A,B,is 8:9:5 and ratio of percentage profit is 8:7:14 respectively. If the profit percentage of A is 14.28% and the cost price of is Rs. 400, what is the overall percentage gain?

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a

12.78%

b

15.78% 

c

14.78%

d

13.78%

answer is D.

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Detailed Solution

Given,
Selling price of article A,B and is in ratio 8:9:5.
The profit percentage of A is 14.28% and the cost price of is Rs. 400.
Let the selling price be 8y,9y and 5y.
Profit percentage are in ratio =8:7:14 Let their profit percentage be 8x%, 7x% and 14x%.
A's profit percent =14.28% 8x%=14.28% x%=14.288
x%=1.78 B'profit percent,
B%=7x%
B%=7×1.78
B%=12.50%
C'profit percentage,
C%=14x
C%=14×1.78
C%=25% We know,
Profit = Profit %100×CP
Profit of B = 12.50100×400=Rs.50.
Cost price of B=Rs. 400
Selling price of B,
SP = CP+ profit
S.P=400 +50
S.P=Rs.450
9y=450 [from given]
y=50 Selling price of A,
S.P=8y
S.P=8×50
S.P=Rs. 400 SP of C,
S.P=5y
S.P=5×50
S.P=Rs. 250 Total SP =450+400+250
Total SP=Rs. 1100 Let CP of A=a.
We know,
S.P.=C.P+ Profit %100×C.P.
C.P.=S.P.- Profit %100×C.P
Then.
a=400- 14.28 100×  a a=400-14.28a100 100a=40000-14.28a 114.28a=40000 a=Rs. 350 Let CP of C=c. Then,
c=250- 25 100×  c c=250-14c 5c=1000 c=Rs. 200 Total CP =400+350+200
Total CP=Rs. 950 We know,
Total Profit = Total S.P. - Total C.P.
Profit =1100-950
Profit=Rs.150 Total profit % will be,
Profit% =Total profitTotal CP×100
Profit% =150950×100 Profit%=15.78%
Thus, the overall profit will be 15.78%.
Therefore, the correct option is 4.
 
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