On selling 300 apples at 3 for Rs 10, Prakhar gained Rs 400.At what rate did he buy the apples?
What was his gain percent?
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Answer:
CP of 300 apples = Rs 50 per dozen
300 apples =
12
300
dozen
i.e 25 dozen
1 dozen = Rs 50
25 dozen = Rs (25×50)
= Rs 1250
∴ CP of 300 applies = Rs 1250
overall profit % should be 12%
∴ profit =
100
12×CP
=
100
12×1250
= Rs 150
∴ SP should be 1250 + 150 = Rs 1400
Now,
SP of 200 apples = Rs 50 per 10 apple
SP of 200 apples =
10
50
×200= Rs 1000
Now he has to make Rs 400 (1400 - 1000) by selling
last 100 apples
∴ SP of 100 apples = Rs 400
SP of 1 apple =
100
400
= Rs 4
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