Question

A shopkeeper bought 100 shirts for 7 12500. He
sold 20 of these at a profit of 20%. If he wants to
have an overall profit of 26.4%, then he would sell
remaining shirts for​

Answer 1

Answer:

Step-by-step explanation:

Cost price of shirt = 600/120 x 100 = 500

New profit % = 25%

So, new selling price = 500 x 125/100 = 625

New cost price = 500+20 = 520

New profit = 625 - 520 = 105

=> 105/500 x 100 OR 105/520 x 100

Note : Gift of Rs 20 can be treated in two ways :

Increase in cost price

Reduction in selling price