SOLUTION: A merchant has three baskets full of oranges. he sells one basket at a loss percentage of 10 and other two baskets at an equal profit. if he makes an overall profit of 2% then what

Question 763968: A merchant has three baskets full of oranges. he sells one basket at a loss percentage of 10 and other two baskets at an equal profit. if he makes an overall profit of 2% then what was the percentage of profit he made on each baskets.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the merchant"s ( cost ) / ( basket )
Let = profit on 2nd and 3rd baskets
= selling price for 1st basket
= selling price for 2nd and 3rd baskets

1st basket: 10% loss
2nd basket: 8% profit
3rd basket: 8% profit
-------------------
check:
suppose each basket costs $10
selling price 1st basket =
selling price 2nd basket =
selling price 3rd basket =

This is a 2% profit
OK

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