Question

Mohan purchased 4 horses for ₹700 each.he sold one of the horse at again of 15%.at what percent profit should he sell the remaining three horses to gain 18% on the whole?

Answer 1

Answer:

Rs 833

Step-by-step explanation:

First find total cost of purchase = 700*4 = 2800

Now in order to make 18% profit on whole,

100%+18%= 118%

Now if 100% = 2800

Then. 118% = x

cross multiply

(118*2800) / 100

Rs 3304

But he sold one horse already at 15% profit so,

100+15= 115%

100% = 700(took 700 as he only sold one horse)

115% = x

x = (115*700)/100

= Rs 805

Now 3304 - 805 = rs 2499

Now three horse remain so 2499/3 = rs 833