IBPS SO Prelims Exam Model Paper 7

Given:
A shopkeeper sells one-third of his goods at a profit of 10%
One-third at a profit of 20%
The remaining at a loss of 6%.
Formula Used:
Cost price ×

(100+Profit%)

100

= Selling price
Cost price ×

(100−Loss%)

100

= Selling price
Calculation:
Let the Cost price of his goods be 300,
Total profit = 100 × 10% + 100 × 20% - 100 × 6%
⇒ Total profit = 10 + 20 - 6 = 24
Profit% = (

24

300

) × 100 = 8%
∴ The value of his overall profit percentage is 8%