a shopkeeper bought rice worth rupees 4500,he sold one-third of it at 10%profit. he desires a profit of 12%on the whole . find the selling price of the rest of the rice .
Answers
Answer:
Rs 3390
Step-by-step explanation:
Cost Price = Rs 4500
Find the desired earnings:
Profit = 12% of Rs 4500
Profit = 0.12 x 4500 = Rs 540
Total earnings = 4500 + 540 = Rs 5040
Find the earnings from the 1/3 of the rice:
1/3 cost price = 1/3 x 4500 = Rs 1500
Profit = 10% of Rs 1500
Profit = 0.1 x 1500 = Rs 150
Total earnings = 1500 + 150 = Rs 1650
Find the Selling Price needed for the rest of the 2/3 of the rice:
Selling Price = 5040 - 1650 = Rs 3390
Answer: Selling Price of the rest = Rs 3390
Answer:
Rs 3390
Step-by-step explanation:
Given that shopkeeper bought rice for Rs 4500
Given that 1/3rd o it was sold at 10% profit.
Cost Price for 1/3rd of rice = 1/3* 4500 = 1500
Selling Price = 1500(1+ 10%)
= 1500* 110/100 = 1650
Remaining = 2/3rd
Cost Price of the remaining = 2/3*4500 = 3000
Total Profit is given as 12%
=> Profit = 12/100*4500 = 540
Total he earned is 4500 + 540 = 5040
which should be equal to Selling Price of 1/3rd + Selling price of rest
=> Selling Price of the rest = 5040 - 1650
= Rs 3390
Hope, it helped !