A trading concern in the first year made a profit of Rs. 46,320 on a turnover of Rs. 9,00,200 and in the second year a loss of Rs. 3,390 was sustained on a turnover of Rs. 7,70,000, while in the third year a profit of Rs. 33,624 was made on a turnover of Rs. 8,24,000. What was the average profit per cent on the three years turnover?
Explanation:
Calculate total turnover of 3 years
i.e. 9,00,200 + 7,70,000 + 8,24,000 = Rs. 24,94,200
Calculate total profit for 3 years
46320 – 3290 + 33624 = Rs. 76,554.
∴ Avg. profit % over 3 years turnover = 765542494200 × 100 = 3.07%
Hence, option (c).
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