Question

3 items are purchased at 500rs each one of them was sold for loss of 5% at what price should the other two be sold so as to gain 15% on the whole transaction

Answer 1

Answer:

Other two be sold at rs 625 each or in total rs 1250

Step-by-step explanation:

Total cost price = 500 *3 = 1500 rs

Total gain 15 % = (15/100)*1500 = 225  rs

Total Selling price = 1500 + 225 = 1725 rs

Loss on one 5% = (5/100) *500 = 25 rs

Selling price of 1 = 500-25 = 475 rs

Selling price of remaining two = 1725 - 475 = 1250 rs

Selling price of one = 1250/2 = 625 rs