Question 11: In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is
6%
8%
10%
12%
Option: 2 Explanation:
Let the cost of good mangoes be 2x per kg. The cost of medium mangoes be x per kg.
CP of good mangoes = 160x
CP of medium mangoes = 40x
His selling price = 0.9×2x = 1.80x
Therefore, total revenue generated by selling all the mangoes = 120×1.8x = 216x