Gaurav bought the first pen for ₹444 and the second pen for ₹356, respectively. He sells the first pen at 75% of the profit but the buyer bargains for the price, and he has to offer a 14% discount and the second pen at 48% of the profit. Find the total profit he had in this transaction (correct to two decimal places).
Given:
CP₁ (pen 1) = ₹444; intended profit = 75%, then discount = 14% on that price
CP₂ (pen 2) = ₹356; profit = 48%
Formula Used:
Profit = SP - CP
Solution:
Pen 1:
Effective profit rate = .5%
Pen 2:
Total Profit =224.22 + 170.88 = ₹395.10
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