a shopkeeper bought 100 bed covers for Rs 2000 each. Due to some calculation mistake, he
soId 10 bed covers at Rs 1200 each. At what rate should he sell the remaining. So as to have a
profit of 14% on the whole.
Answers
Answer:
Rs.2400 each
Step-by-step explanation:
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Given : a shopkeeper bought 100 bed covers for Rs 2000 each. Due to some calculation mistake, he soId 10 bed covers at Rs 1200 each.
To find : at what rate should he sell the remaining. So as to have a
profit of 14% on the whole.
Solution:
Bed cover cost price = Rs 2000
Bed covers bought = 100
Total Cost price = 2000 * 100 = 200000 Rs
14 % profit = (14/100)200000 = 28000 Rs
Total Selling price = 200000 + 28000 = 228000 Rs
10 Bed covers sold for Rs 1200 each = 10 * 1200 = Rs 12000
Remaining sold for = 228000 - 12000 = 216000 Rs
Remaining bed covers = 100 - 10 = 90
rate he should sell the remaining. = 216000/90
= 2400 Rs
He should sell remaining bed covers for Rs 2400 each
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