Rajan purchased 250 packets of blades at the rate of rupees 8 per packet. He sold 70% of the packets at the rest of rupees 11 per packet and remaining packet at the rate of rupees 9 per packet. Find his gain percent
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Answers
Answer:
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Answer: 30%
Step-by-step explanation:
Given:
Rajan purchased: 250 packets.
Rate: Rs. 8 per packet.
Rate of 250 packets: 250 × 8 = Rs. 2000 [Cost price]
Packets sold at 70%:
=> Rs. 175
Next,
Given: 70% packets sold at Rs. 11 per packet.
Selling price of 70% of packets = 175 × 11
=> Rs. 1925
Now, Given that, remaining packets were sold at Rs.9 per packet.
Thus, remaining packets = {250 - 175} = 75
Selling price of remaining packets = {75 × 9} = Rs. 675
Selling price of all packets: Rs. 1925 + Rs. 675
=> Rs. 2600
Now,
Selling price = Rs. 2600
Cost price = Rs. 2000
Gain = Selling price - Cost price
= 2600 - 2000
= Rs. 600
As we have to find Gain percent,
Gain % = [Total Gain / Cost price] × 100
= [600 / 2000] × 100
= 600 / 20
= 30%
Thus, His gain percent is 30%.