Question

Monu bought 10 sheets at ruppees 1000 each. He sold 2 of these at a loss of 20°/° . At what price should he sell the remaining sheets to make an overall 5°/° profit.

This question is of ch- Profit & Loss n Kindly explain this answer step by step !!​

Answer 1

Answer:

1112.5%

Step-by-step explanation:

Monu bought 10 sheets at the cost of rupees 1000 for each  

=> Total Cost = 1000 * 10 = Rs 10000

Since two were sold at a loss of 20%.

Selling Price of 1 = 1000 - (20/100)1000 = 800 Rs

2 sheets sold = 2 * 800 = Rs 1600

overall profit of 5%

= (5/100) * 10000

= 500

Total Selling Price = 10000 + 500 = 10500 Rs

Selling Price of 8 Sheets + selling Price of 2 Sheets = 10500

=> Selling Price of 8 Sheets + 1600 = 10500

=> Selling Price of 8 Sheets = 8900

=> Selling Price of 1 Sheet = 8900/8 = Rs 1112.5

Monu should sell the remaining sets at Rs 1112.5%