A man purchased some articles for 480 he sold 1/4 of it at 20% loss if he wants to earn 20% more in his investment then at what percent profit he sell his remaining articles ?
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Answer:
He sales remaining article at 33.33 % Profit to earn 20 % over investment.
Step-by-step explanation:
Total Value 480
Sales 1/4 of 480
Purchase Value 120
Less Loss 20 % 24
Sales Value 96
sales balance 3/4
Sales 3/4 of 480
Purchase Value 360
Sales Value 480
Profit 120
% Profit 33%
20 % Return on investment
Investment 480
20 % Return 96
Total Value Required 576
Already received 96
Balance 480
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