Radhey Lal markup the prices of sweets by 40% and he sold only 40% of those at this price. He sells half of the rest at 14 2/ 4% discount and rest at 25% discount. What is the net profit of Radhey Lal?

26.5%
23.5%
30%
28.6%

Correct Answer: 23.5%

Explanation:

Let the number of the sweets be 100 and the cost price of the one piece of sweet = Re.1
Then, total cost price = 100 x 1 = Rs. 100
Total sale price = (40 x 1.4) + (30 x 1.2) + (30 x 1.05) =123.5
∴ Profit (%) = 123.5 - 100 = 23.5%

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