Question

Goods are purchased for $1500. If one fifth of the goods sold at a profit of 5% and the remaining four-fifth of the goods at a profit of 10%, find the net profit percentage.

Answer 1

9 percent

Explanation:

1/5 of 1500 = 300

4/5 of 1500 = 1200

1200x110/100=1320

315+1320=1635

1635-1500 = 135

134/1500x100 = 9%