Profit & Loss Mcqs

Q.  A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock?

a. Rs. 25000
b. Rs. 20000
c. Rs. 15000
d. Rs. 22000
e. None of these


ANSWER: See Answer
 
Let the total worth of the stock be Rs. x.

The SP of 20% of the stock = 1/5 * x * 1.1 = 11x/50
The SP of 80% of the stock = 4/5 * x * 0.95 = 19x/25 = 38x/50
Total SP = 11x/50 + 38x/50 = 49x/50
Overall loss = x – 49x/50 = x/50
x/50 = 400 => x = 20000
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