Profit and loss

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The profit Percentage on 3 bikes are 15%, 35% and 10% and the ratio of CP is 5:3:1. Also the ratio of the Bike sold of P, Q and R is 2:3:5. Then the overall approximate Profit Percentage is?

19%

20%

16%

21%

Explanation:

5x * 2y + 3x * 3y + x * 5y = 24xy
Total Profit = (5x*2y*15/100)+(3x*3y*35/100)+(x*5y*10/100)
= 515xy/100
= 5.15xy
Overall Profit Percentage = 5.15xy * 100/24xy = 21.46%(approx.)

By: Amit Kumar

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