buisnessman sold two third of his stock at gain of 20 percent and rest at 14percent find gain percent
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Answer: 18 %
Step-by-step explanation:
let the total stock price be 100x
Price of selling 2/3 of stock = 120x
Price of selling 1/3 stock = 114x
Total selling price = (2/3 x 120 + 1/3 x 114)
=(80+38) = 118
that is he is selling his product of cost 100x at an avg.price of 118
therefore his net gain = (118x/100x ) x 100
= 18 %
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