A shopkeeper bought 50 shirts for ₹30,000. He found that 10 shirts were defective so he sold them at a loss of 10%. At what price should he sell the remaining shirts to gain 30% profit on the whole transaction?
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Price of 50 shirts = 30000
Price of 1 shirt = 30000/50
Price of 1 shirt = 600
Original price of 10 defective shirts = 10 X 600
Original price of 10 defective shirts = 6000
10% loss on 10 shirts = 10/100 X 6000
10% loss on 10 shirts = 600
Price of 10 shirts after 10% loss=6000 - 600
Price of 10 shirts after 10% loss = 5400
Price of 40 shirts = 30,000-6000
Price of 40 shirts = 24000
30% profit on 40 shirts = 30/100 X 24,000
30% profit on 40 shirts =7200
30% profit on 40 shirts = 24,000+7200
30% profit on 40 shirts = 31200
Price of whole transaction = 31200 + 5400
Price of whole transaction = 36600
Price of 1 shirt = 30000/50
Price of 1 shirt = 600
Original price of 10 defective shirts = 10 X 600
Original price of 10 defective shirts = 6000
10% loss on 10 shirts = 10/100 X 6000
10% loss on 10 shirts = 600
Price of 10 shirts after 10% loss=6000 - 600
Price of 10 shirts after 10% loss = 5400
Price of 40 shirts = 30,000-6000
Price of 40 shirts = 24000
30% profit on 40 shirts = 30/100 X 24,000
30% profit on 40 shirts =7200
30% profit on 40 shirts = 24,000+7200
30% profit on 40 shirts = 31200
Price of whole transaction = 31200 + 5400
Price of whole transaction = 36600
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