Correct Answer - Option 3 : 31.6%
Given:
Marked up % = 40%
Apples sold at MP = 70%
Discount % = 20%
% of Apples sold at discount = 30%
Concept:
To solve this type of question, consider the number of apples to be 10 or 100 and CP of 1 apple as Rs. 10. Then proceed.
Formula used:
Profit % = [(SP – CP)/CP] × 100
Calculation:
Let the total apples brought = 10
∴ Apples sold at MP = 7
Apples sold at discount = 3
CP of 1 apple = 10
MP of 1 apple = 140% of 10 = 14/-
∴ SP of 7 apple = 7 × 14 = 98/-
SP of apples after discount = 80% of 14 = 11.2/-
⇒ SP of 3 apples after discount = 11.2 × 3 = 33.6/-
∴ Total SP = 98 + 33.6 = 131.6/-
Total CP of 10 apples = 10 × 10 = 100/-
Profit % = (31.6/100) × 100 = 31.6%.