Question

Chandar bought 10 tea sets at the cost of Rs 1000 each. Since 2 sets were damaged he sold them at a loss of 20 percent. At what price Should he sell the remaining sets to make an overall profit for 5 percent

Answer 1

overall 5% profit ,ie 10000x5%= rs.500

SP of of 2 broken is 80% of 1000 =Rs. 800

2X800+ 8X SP = 10500
8SP= 8900
Sp = 1112.5