Question

At what price should i sell at cost at 8 rs.gaining 15 percent

Answer 1

Answer:

Let's assume 'x' number of goods were bought for rs.380.

Given that (2/3) of x were sold at 15 percent loss.

Cost price of (2/3)of x = (2/3)380=760/3

Selling price of (2/3)of x= 0.85*cost price of (2/3)x=0.85*760/3=646/3 {Since its sold at a loss of 15 percent}

we need the toal gain percentage to be 10 percent.

So selling price of X= 1.1*Cost price of X=1.1*380=418.

But the selling price of (2/3)x is 646/3

So the Selling price of remaining (1/3)x should be 418-646/3 =608/3

So the required profit percentage is (SP-CP)/CP*100 [for(1/3)x]

=> [(608/3-380/3)/380/3]*100

=> 0.6*100

=> 60 percent