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Two third of a commodity was sold at a profit of 5 and the remainder at loss of 2. if the total profit was rs 400.what aws the cost of commodity how to solve it?
Wiki User
∙ 7y ago
If the commodity was sold at a profit of 5 or a loss of 2 as stated in the question then the question has an many solutions. However, if you assume that the the commodity was sold at a profit of 5% or loss of 2% then the total outlay was 15000.
Two thirds of this, worth 10000, was sold at a profit of 5% yielding 10500.
One third, worth 5000 was sold at a loss of 2% yielding 4900.
The total yield was, therefore 10500 + 4900 = 15400.
Wiki User
∙ 7y ago
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