Question

A man bought some articles at Rs. 1500 and sold ⅓ of it at a loss of 4%. By what percent
the sale price of the remaining articles is to be increased to make a profit of 4% on the
whole?

Answer 1

Step-by-step explanation:

As given,

Articles worth = Rs. 5400

He sold 2/3 rd of them = at 5% profit

He has to sold 1/3 rd of them = at ? profit

: to gain 13% profit to overall

So,

5400 at = 13 % = 0.13

I.e. Total profit = Rs. 702

2/3 rd of 5400 = 3600 at = 5% = 0.05

I.e. Profit he get from 2/3 rd = Rs. 180

Total profit = Profit achieve — Profit req.

702 = 180 - Profit required

Profit required = Rs. 522

For 1/3rd of 5400 he has to get 522 profit

Hence,

Percentage = 522 / 1800 × 100

Percentage = 0.29 × 100

Percentage = 29

He has to sold remaining articles at 29% of profit to achieved 13% overall profit.