a man bought 500 m of electronic wire at 50paise/m.he sold 50% of it at a profit of 5%.At what percent should he sell the remainder so as to gain 10% on the whole transaction.
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Answer:
m = 500
cost = 500 × .5 = ₹250
sold = 50% = 250 m
profit = 5%
= 125 × 5/100 = 6.25
he got ₹6.25 as profit
he sold it at 125 + 6.25 = 131.25
250 × 10/100 = 25
10 % of 250 is 25
so 250 + 25 = 275
275 - 131.25 = 141.75
141.75 = 125 + 16.5
16.5 = 125 × 13.4/100
so he have to sell the remaining wire at
a profit of 13.4% to gain total 10% of ₹250
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