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Question:
The ratio of selling prices of four articles is \(3 : 5 : 6 : 8\) and their profits are 20%, 25%, 20% and 25% respectively. What is the overall percentage of profit on selling the four articles?
The ratio of selling prices of four articles is \(3 : 5 : 6 : 8\) and their profits are 20%, 25%, 20% and 25% respectively. What is the overall percentage of profit on selling the four articles?
Updated On: Jul 26, 2024
- \(11 \%\)
- \(22\frac{11}{12} \%\)
- \(24 \%\)
- \(28\frac{11}{12} \%\)
- \(36 \%\)
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The Correct Option is B
Solution and Explanation
The correct answer is option (B): \(22\frac{11}{12} \%\)
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