Question

a gift shop owner has 5 soft toys which he bought at rupees 680 he sold two at 14% profit calculate his profit percent if he sells the remaining soft toys making a net gain of 20% on selling all the soft toys

Answer 1

Good question.......

Answer 2

His profit percent if he sells the remaining soft toys will be 24%.

Step-by-step explanation:

Given:

Here total cost = $5\times680$ = 3400

Net gain he want = 20 % of 3400 = $\frac{20}{100}\times 3400$ = 680

already he sold two at 14 % profit,

Thus profit = $2\times\frac{14}{100}\times 680$ = 190.4

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

thus each wiil be sold at profit of $\frac{489.6}{3}$ = 163.2

thus profit % = $\frac{profit}{C.P.} \times 100$

                     = $\frac{163.2}{680} \times100$

                      = 24%

Thus his profit percent if he sells the remaining soft toys will be 24%.