A producer makes men's and women's garments. The average profit is 5% of the total sales. The profit on men's garments averages 9% of the sales, and women's garments are 60% of the total output. The average profit percentage on women's garments is
A5%
B9%
C2.33% ✓ Correct
D3.4%
Correct answer: (C) 2.33%
Explanation
Women's garments carry a profit of about 2.33%.
Take total sales = 100, so women = 60% = 60 and men = 40.
Total profit = 5% of 100 = 5; men's profit = 9% of 40 = 3.6.
Women's profit = 5 - 3.6 = 1.4.
Women's profit% = 1.4 / 60 x 100 = 2.33%.
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