Question

A merchant sold half of his cloth at 40% profit,half of remaining at 40% loss and the rest was sold at the cost price.In the total transaction his gain or loss will be

Answer 1

Answer:

let there is 100 stock with price cost price Rs.100. total cost is 100*100 = Rs.10000

therefore 50 item sold at price 40% profit i.e = 140 * 50 = Rs.7000

⇒ 25 item sold at price 40% loss i.e = 60 * 25 = Rs.1500

⇒ And remaining 25 item sold at cost price i.e = 100 * 25 = Rs.2500

∴ total sell price is 7000 + 1500 + 2500 = Rs.11000(profitable)

∴ Profit % is 10% gain

Step-by-step explanation: