A man buys goods worth Rs. 6000. He sells one-third of them at a 10% profit. At what profit percentage must he sell the remaining goods to achieve an overall profit of 20%? MCQ with Answer and Explanation
A man buys goods worth Rs. 6000. He sells one-third of them at a 10% profit. At what profit percentage must he sell the remaining goods to achieve an overall profit of 20%?
A. 20%
B. 30%
C. 25%
D. 35%
Answer: Option C
Solution (By JKExamLibrary)
Total Cost Price = 6000. Desired Selling Price for 20% profit = 6000 * 1.20 = 7200. Cost Price of one-third = 2000. Selling Price of this part = 2000 * 1.10 = 2200. Remaining Cost Price = 4000. Required Selling Price for remaining = 7200 - 2200 = 5000. Profit on remaining = 5000 - 4000 = 1000. Profit percentage = (1000 / 4000) * 100 = 25%.
By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percentage during the sale season is:
No comments yet. Be the first to start the discussion!