Abhinav bought some pencils in ₹ X. He sold 20% of pencils at 25% loss, one third at 20% profit and the remaining at 25% profit. If the total profit earned by him on selling all the pencils is ₹ 248, then find the value of X (in ₹).
Given:
Total cost price of all pencils = X
Sold: 20% at 25% loss, at 20% profit, remaining at 25% profit
Total profit = ₹248
Formula Used:
Profit amount
Solution:
Shares by quantity: 0.2
Overall profit (%):
0.
Thus,
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