The ratio of the cost price of two articles is 4 : 5. If the first article is sold at 10% profit and the second at 20% profit, find the overall profit percentage.
A
14.55%
B
15.55%
C
16.66%
D
18.55%
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Correct Answer 15.55%
Explanation
Let CPs be 400 and 500. Total CP = 900. Profit1 = 40, Profit2 = 100. Total Profit = 140. Profit% = (140/900)*100 = 15.55%.