Question

2. A shopkeeper buys a product of Rs. 150
per kg. 15% of product was damaged. At
what price (per kg.) should he sell the
remaining so as to earn a profit of 20%?​

Answer 1

Answer:

The shopkeeper should sell the product at Rs. 207 to earn a profit of 20%.

Step-by-step explanation:

Given,

cost price of the product = Rs. 150

percentage of damage product = 15%

Since, the shopkeeper has to manage the damage by increasing the price of the product. Since, the damage is 15%, so he has to increase the price of the product by 15%.

So, the new price of the product will be

115% of cost price

$=\dfrac{115}{100}\times 150$

= 1.15 x 150

= 172.5

So, the new cost price of the product is Rs. 172.5.

Now, profit = 20%

So, the selling price of the product should be

120% of new cost price

$=\dfrac{120}{100}\times 172.5$

= 1.2 x 172.5

= 207

So, the shopkeeper should sell the product at Rs. 207 to earn a profit of 20%.