Two-third of a consignment was sold at a profit of 5% and

Home » Aptitude » Profit and Loss » Question

Two-third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was $ 400, then the value of the consignment was

Given that , Total profit = $ 400
Let the price of the sent items be y.
According to the question,

		2y	×	5	-	y	×	2	= 400
		3		100		3		100

⇒		10y	-	2y	= 400 × 100
		3		3

⇒	8y	= 40000
	3

⇒ y =	4000 × 3	= $ 15000
	8