A farmer bought 100 hens for Rs 4000, sells 20% of them at a gain
of 5%. At what gain percent must he sell the remaining so as to gain 20%
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Answer:
23.75%
Step-by-step explanation:
Total cost of hens = Rs 4000
Total no of hens = 100
cost of one hen = 4000/ 100 = Rs 40
In order to have total gain of 20%,
gain, 20% = 0.2 = (SP - CP)/ CP
or 0.2 = (SP - 4000) / 4000
or SP = 800 + 4000 = Rs 4800
Now, 20% of hens (20 hens) are sold at a profit of 5%, i.e.
profit, 5% = (SP - CP)/ CP
0.05 = (20*x - 20*40)/ (20*40) = (x - 40) / 40
or 2 = x - 40
or x = Rs 42
SP of 20 hens = 20 *42 = 840
In order to have a total profit of 20%, he must sell remaining 80 hens for
4800 - 840 = Rs 3960
gain % for remaining 80 hens is
gain, y = (3960 - 80*40) / 80*40
= (3960 - 3200) / 3200
= 0.2375 or 23.75%
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