Question

A merchant bought 100 blankets for Rs.2000 each. He sold 10 for Rs.1200 each. At what rate should he sell the rest, so as to gain 14% on the whole transaction.

Answer 1

Answer:

Answer is one blanket for Rs 2400

Step-by-step explanation:

Blankets he bought = 100 × 2000 = Rs200000

He sold 10 of them for = 10 × 1200 = Rs12000

He has 90 blankets left.

Now we construct the equation,

⇒ 114/100 × 200000 = Rs228000

Let the price for one blanket be x,

⇒ 90 × x = 216000

⇒ x = 216000 ÷ 90

⇒ x = Rs2400

∴ He will sell one blanket for Rs2400 if he want 14% profit on the whole transaction.

Please mark as brainliest, will be highly appreciated :)