a shopkeeper bouth 16 shirts the cost of each being $175 he sold fiveof them at the rate of $160 per shirts. at what price per shirt should he sell the remaining shirts to make a profit of $90??
please help me!!
Answers
Answer: $190
Given that a shopkeeper bought 16 shirts at the rate of $ 175. So, Let's find the total cost which is:
⇒ Cost = Number of shirts × C.P
⇒ Cost = 16 × 175
⇒ Cost = $ 2800
It is given that he sold five of them at the rate of $ 160 so let's find the money he earned while doing so,
⇒ Money earned = No. of shirts × S.P
⇒ Money earned = 5 × 160
⇒ Money earned = $ 800
The questions requests us to find the selling price of the remaining shirts such that the shopkeeper earns a profit of $ 90.
We know,
⇒ Profit = Price at which shirts should be sold - Price at which shirts were bought
⇒ $ 90 = Price at which shirts were sold - $2800
⇒ Price at which shirts should be sold = $2800 + $90
⇒ Price at which shirts should be sold = $2890
Hence, To make a profit of $90, The shopkeeper must sell those 16 shirts at a cost of $2890.
But 5 of the shirts are already sold at a different price which amounts to $800.
So, The cost of the remaining 11 shirts should be
⇒ S.P of remaining shirts = 2890 - 800
⇒ S.P of remaining shirts = $2090
But we have to find the S.P of one shirt only, So
⇒ S.P = S.P of remaining shirts / No. of shirts left
⇒ S.P = 2090 / 11
⇒ S.P = $ 190
Hence, The remaining shirts should be sold at a cost of $190.
Answer:
Given :-
A shopkeeper bought 16 shirts at the cost of each being $ 175 he sold five of them at the cost of 160 per shirt.
To Find :-
At what price per shirt should he sell then the remaining shirt to make a profit of $90.
Solution :-
At, first we have to find the total cost :
Given :
- Cost Price = $175
- No of shirt = 16 shirts
Then,
Now, we have to find the total money earned by the shopkeeper :
Given :
- Sold Price = $ 160
- No of shirt = 5 shirts
Then,
Now, we have to find the price after making profit :
Given :
- Profit = $ 90
- Total cost = $ 2800
Now, we have to find the money left to be gained :
Given :
- Price after making profit = $ 2890
- Total cost = $ 800
Then,
Now, we have to find the total shirt left :
Finally, we have to find the sold price of remaining shirt :
Given :
- Money left to be gained = $ 2090
- Total shirt left = 11
According to the question :
At $ 190 per shirt should he sell then the remaining shirt to make a profit of $ 90.