A shopkeeper buys a packet of wafers at ₹64 per packet . He spend ₹4 on transport of 4 packets . At what price should he sell the packet to gain 16%
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Answer:
Total cost for four packs of wafers =64×4 + 4×4
=256+16= 272 Rs
Now in order to gain 16%,
gain= 272/100*16
=43.52 Rs is gain for 4 packs
= he should sell 4 packs for 272+43.52=315.52
or each pack for 315.52/4 =78.88 Rs
HE SHOULD SELL EACH PACK OF WAFERS FOR 78.88 TO GAIN 16 %
HOPE IT HELPED
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