The cost price of goods with a bankrupt is 25,500
and if the goods had realised in their full value, his
creditors would have received 85 paise in the rupee.
But 2/5 of the goods were sold at 17% and the
remainder at 22% below their cost price. How many
Paise in a rupee was received by the creditors ?
please help me... please... please.... please
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Step-by-step explanation:
Given The cost price of goods with a bankrupt is 25,500 and if the goods had realised in their full value, his creditors would have received 85 paise in the rupee. But 2/5 of the goods were sold at 17% and the remainder at 22% below their cost price. How many Paise in a rupee was received by the creditors ?
- Given goods with bankrupt is 25,500
- Total bankruptcy will be 25500 x 100 / 85 (85 ps in a rupee)
- = Rs 30,000
- Now 100 – 22 = 78 and 100 – 17 = 83
- So money received by selling the goods will be
- 25500 (2/5 x 83/100 + 3/5 x 78 / 100) (since remainder 1 – 2/5 = 3/5)
- 25,500 (166 / 500 + 234 / 500)
- 25,500 (166 + 234 / 500)
- 51 x 400
- Rs 20,400
- Now money received by creditors for a rupee will be
- Rs 20,400 / 30,000
- = 0.68 paise.
- Therefore the creditor received 68 paise in a rupee.
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