Question

Raghav purchased 100 Apple at the rate of Rs 4 per apple he sold 605 of the apples at the rate of 5 per apple and the remaining apple at the rate of Rs 4 per apple find his overall gain or loss%​

Answer 1

His overall gain is 15%.

Step-by-step explanation:

Raghav purchased 100 apple at the rate of Rs. 4 per apple.

Cost price of 100 apples = Rs. 4 x 100 = Rs. 400

He sold 60% of the apples at the rate of Rs. 5 per apple.

Selling price of 60% of apple = $\frac{60}{100}\times 100\times 5$ = Rs. 300

Remaining (100 - 60) = 40 apples at the rate of Rs. 4 per apple.

Selling price of 40 apples = Rs. 4 x 40 = Rs. 160

Total selling price of 100 apples = Rs. 300 + Rs. 160 = Rs. 460

Overall gain = $\frac{Selling Price - Cost Price}{Cost Price}\times 100$

                    = $\frac{460 - 400}{400}\times 100$

                    = 15%

Hence, his overall gain is 15%.