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Two-third of consignments was sold at a profit of 8% and the remainder at a loss of 4%. If the total profit was ₹500, find the value of the consignment?

Solution

✅ Correct Option: 4

Net gain rate =(2/3)(8%)−(1/3)(4%)=16/3%−4/3%=4%= (2/3)(8\%) - (1/3)(4\%) = 16/3\% - 4/3\% = 4\%. If the consignment is worth VV, then 0.04V=5000.04V = 500, so V=₹12500V = ₹12500.

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