a shopkeeper purchased hundred sarees at rupees 2000 each he found that 10 sarees were defective and his sold three sarees at rupees 1200 each at what rate should he sell the remaining sarees as he gain 14% on the whole
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1 — ... purchased 100 sarees at rupees 2000 each he found that 10 sarees were defective and he sold is a
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Total cost = 100 * 2000 = 200000
The question is mentioning that the shop keeper has to make a profit of 14% on the whole amount. therefore the overall profit should be 200000 *14/100 = 28000.
The total sale value should be 200000 + 28000 = 228000.
He is selling 10 sarees at 1200 each .
The equation will be 10 * 1200 + 90x = 228000
90x = 228000 - 12000 = 216000
x = 216000 / 90 = 2400
Therefore the remaining sarees will have to sold at 2400 Rupees each
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