A businessman lost 20% of his goods due to rain. The remaining items were sold at a profit of 50%. The businessman earned an overall profit of:
10%
30%
20%
40%
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CISF-AC-EXE – 2023
– The selling price is calculated based on the goods that *are* sold, applying the given profit margin to their cost.
– Overall profit = Total Revenue – Total Cost.
– Overall profit percentage = (Overall Profit / Total Cost) * 100.