akash purchased 300 pens at the rate of 6 per pen. he sold 60% of the pen at rate of 8 per pen and the remaining pen at the rate of 9 per pen. find his gain percent
Answers
Answer:
Step-by-step explanation:
See the attachment
The gain percent of Akash is 40%
Solution:
Given that,
Akash purchased 300 pens at the rate of 6 per pen
Thus cost price of 300 pens = 300 x 6 = 1800
Now he sold 60% of pen at rate of 8 per pen
60% of pen =
So he sold 180 pens at rate of 8 per pen
Selling price of 180 pens = 180 x 8 = 1440
He sold remaining pens at rate of 9 per pen
Remaining pens = 300 - 180 = 120
Selling price of 120 pens = 120 x 9 = 1080
Total selling price = 1440 + 1080 = 2520
Now, cost price < selling price which indicates gain
Gain = Selling price - cost price
Gain = 2520 - 1800 = 720
Calculating gain percent:
Hence akash gain percent is 40%
Learn more about Gain percentage
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