raju purchased bedsheets for rs 1000 each . found that 5 bedsheets were defective and sold these for Rs 600 each.so what is the selling price of remaining bedsheets if gain is 14% on the whole ?
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Let the total number of bedsheets be n.
Gain is 14%
Therefore selling price = cost price + 14% of cost price
cost price= Rs 1000n
Profit =(14÷100)×1000
=140n
Total selling price=1140n
Let me assume some 100 bedsheets , therefore n=100
1140×100= 600×5 + 95 ×selling price of bedsheet
selling price= Rs 1168.42
As a form of general equation we can write
(1140×n -3000)÷(n-5)
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raju purchased bedsheets for rs 1000 each . found that 5 bedsheets were defective and sold these for Rs 600 each.so what is the selling price of remaining bedsheets if gain is 14% on the whole ?
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