A shopkeeper bought 50 shirts for rs. 30,000. He found that 10shirts are defective so he sold them at a loss of 10%. at what price should he sell the remaining shirts to gain 30% profit on whole transaction?
Answers
cost price of 50 shirts = rupees 30000
cp of 1 shirt = 30000÷50 = 600
cp of 10 shirts who were defective= 10×600
= 6000
loss of 10% on 10 shirts = 6000×10/100
= 600
sp of 10 shirts after the loss of 10% = 6000 - 600
=5400
According to question,
remaining shirts =50-10
= 40
gain of 30% on whole transaction = (30% of 30000) +30000
=( 30/100×30000) + 30000
= 9000 +30000
= 39000
now, he sell the remaining shirts after the gain of 30% on whole transaction = 39000-5400
= 33600
sp of 40 shirts = 33600
sp of one shirt = 33600/40
= 840
Answer:
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