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Amit brought two cars. He then sold the ...

Amit brought two cars. He then sold the first car at 10% profit and the second one at 25% profit. The selling price of the second car is 25% more than the selling price of the first car. What is the approximate profit per cent in both the cars together?

A

`17.85%`

B

`18.36%`

C

`16.19%`

D

Cannot be determined

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's follow the information given in the question: ### Step 1: Define the Cost Price of the First Car Let the cost price (CP) of the first car be \( CP_1 = x \). ### Step 2: Calculate the Selling Price of the First Car The first car is sold at a profit of 10%. Therefore, the selling price (SP) of the first car can be calculated as: \[ SP_1 = CP_1 + 10\% \text{ of } CP_1 = x + 0.1x = 1.1x \] ### Step 3: Define the Selling Price of the Second Car According to the problem, the selling price of the second car is 25% more than the selling price of the first car. Therefore: \[ SP_2 = SP_1 + 25\% \text{ of } SP_1 = SP_1 + 0.25 \times SP_1 = 1.25 \times SP_1 = 1.25 \times 1.1x = 1.375x \] ### Step 4: Define the Cost Price of the Second Car The second car is sold at a profit of 25%. Let the cost price of the second car be \( CP_2 \). We know that: \[ SP_2 = CP_2 + 25\% \text{ of } CP_2 = CP_2 + 0.25 \times CP_2 = 1.25 \times CP_2 \] From the equation above, we can express \( CP_2 \) in terms of \( SP_2 \): \[ CP_2 = \frac{SP_2}{1.25} = \frac{1.375x}{1.25} = 1.1x \] ### Step 5: Calculate Total Cost Price and Total Selling Price Now we can find the total cost price and total selling price of both cars: \[ \text{Total CP} = CP_1 + CP_2 = x + 1.1x = 2.1x \] \[ \text{Total SP} = SP_1 + SP_2 = 1.1x + 1.375x = 2.475x \] ### Step 6: Calculate Total Profit The total profit can be calculated as: \[ \text{Total Profit} = \text{Total SP} - \text{Total CP} = 2.475x - 2.1x = 0.375x \] ### Step 7: Calculate Profit Percentage The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Total Profit}}{\text{Total CP}}\right) \times 100 = \left(\frac{0.375x}{2.1x}\right) \times 100 \] Simplifying this gives: \[ \text{Profit Percentage} = \left(\frac{0.375}{2.1}\right) \times 100 \approx 17.857\% \] ### Conclusion The approximate profit percentage in both the cars together is **17.85%**. ---
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