a shopkeeper bought 30 cricket balls at the rate of 40 per ball .he sold 20 balls at the rate of rs 50 per ball .at what rate should he sell the ramaining balls to have a profit of 40% inthe whole transaction?
correct answer is 68
Answers
Answer:
68
Step-by-step explanation:
30*40=1200
20*50=100
40% of 1200=
1200*140/100=1680
1680-1000=680
680/10=68
Concept:
Profit is the difference that we get on the selling price and the cost price.
Rate of profit is the percentage of profit earned on the cost price.
Cost price is the cost of production for the producer.
Selling price is the price at which the product is sold in the market.
Given:
A shopkeeper bought:
30 cricket balls for 4 per ball
He sold 20 balls for 50 per ball.
Find:
Rate at which he should sell the remaining balls to have a profit of 40% in the whole transaction.
Solution:
The cost price for the shopkeeper will be=30×40=1200
The profit that he wants to earn= 40% ×1200
Profit= 480
So, the selling price will be=1200+480=1680
1680=20×50+x×10
1680=1000+10x
680=10x
x=68.
Therefore, the rate at which he should sell the rest of the balls is Rs. 68.
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