Question

Ramesh bought three suitcases for 500 each. He sold one at a loss of 10%. At what percent profit should he
set the remaining two so as to gain 20% in the entire deal?​

Answer 1

Answer:

35%

Step-by-step explanation:

price of each suitcase=500

loss on the first =10%=500*10/100

                         =50/-

he sold the first one for 450/-

total cost of 3 cases=1500

to get 20%on total deal he needs to sell all 3 for 1500*20/100 +1500=1800

1800-450=1350/-(this is the price he needs to sell the other 2 for)

  profit to be gained is 1350-1000=350/-(on 2 cases)

350/1000*100=35

so he needs to sell both at 35% profit