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A shopkeeper buys a consignment of 24,000 juice containers for $60,000

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A shopkeeper buys a consignment of 24,000 juice containers for $60,000  [#permalink]

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New post 24 Sep 2018, 01:19
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A
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C
D
E

Difficulty:

  35% (medium)

Question Stats:

83% (02:01) correct 17% (03:02) wrong based on 12 sessions

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A shopkeeper buys a consignment of 24,000 juice containers for $60,000. He immediately sold 3/4 of the containers, each at 20 percent above the cost per container. Next day, the remaining containers were sold at a price per container equal to 20 percent less than the cost per container. What was the percent profit on the consignment?

(A) 7.5%
(B) 10%
(C) 13.5%
(D) 20%
(E) 22.5%

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A shopkeeper buys a consignment of 24,000 juice containers for $60,000  [#permalink]

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New post 24 Sep 2018, 02:05
Let the cost be 100 per container and total number of container be 4.
He sold 3 at 20% profit ,so SP = 120 each
He sold 1 at 20% loss , so SP = 80
Total = 120*3 + 80 = 440
Profit = 40/400 * 100 = 10%
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A shopkeeper buys a consignment of 24,000 juice containers for $60,000 &nbs [#permalink] 24 Sep 2018, 02:05
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A shopkeeper buys a consignment of 24,000 juice containers for $60,000

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