Question

A gift shop owner has 5 soft toys which he bought at Rs 680 each. He sold two at 14% profit. Calculate his profit per cent if he sells the remaining soft toys making a net gain of 20% on selling all the soft toys.

Answer 1

Answer:

total cost =5*680=3400

net gain he want=20% of 3400=680

already he sold two at 14% profit

thus profit=2*14%*680=190.4

remian 3 toy he want profit of 680-190.4=489.6

thus each wiil be sold at profit of 489.6/3=163.2

thus profit %=163.2/680 *100%=24%

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