Ramesh sells one-third of his goods at a profit of 20 %. One-third of

Question

Ramesh sells one-third of his goods at a profit of 20 %. One-third of the remaining goods get damaged and have to sold at a loss of 10 %. At what minimum profit percentage should the rest of the goods be sold such that Ramesh makes an overall profit of at least 10%?

1. 16.25 %
2. 15 %
3. 14.28 %
4. 12.5 %
5. 10 %

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Official Answer

D

1. 16.25 %
 2. 15 %
 3. 14.28 %
 4. 12.5 %
 5. 10 %

NoMatterWhat · Answer

Take 900 as our number
Desired 90 as a total profit, which is 10% of 900.

1/3 of 900 = 300.....profit:+60(20% of 300)
1/3 of the remaining(600)= 200.....loss :-20 (10% of 200)
remaining amount =400....profit:+50(12.5 of 400)
total profit...........................................:+90

Ramesh sells one-third of his goods at a profit of 20 %. One-third of

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