Question

A shopkeeper purchased 100 blankets at Rs 2000 each. He found that 10 blankets are defective and he sold them at Rs 1200 each. At what rate should he sells the remaining blankets so has to gain 14% for his whole

Answer 1

Given:

A shopkeeper purchased 100 blankets at Rs 2000 each.

To find:

At what rate should he sells the remaining blankets so has to gain 14% for his whole.

Solution:

1) The cost price of the 100 blankets is ₹2000×100 = ₹200000

The shopkeeper have to maintain the 14% profit.

So the Selling price will be

• 200000+ 14% 0f 200000
• 200000 + 28000
• ₹228000

2) According to the question

• 10 blankets were sold at ₹1200
• so the shopkeeper had ₹1200×10 = ₹12000

So the shopkeeper has to sell 90 blankets for 228000 - 12000 = ₹216000

The rate of each blanket is given by:

• 216000/90
• ₹2400

The shopkeeper sold the remaining blankets @ ₹2400 to gain 14% profit.

Answer 2

He should sell each blanket for 2400 to maintain the profit of 14%.