three items were purchased at Rs250 each . one of them is sold at a loss of 10%. at what price should the other two be sold so as to gain 20% on the overall transaction ? what is the gain % on these two items.
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Total price of 3 item =250*3=750
If net profit has to be 20% ie 20%of 750 which is 150, then the total selling price should be 750+150=900.
Hence CP=750
SP=900
One item sold at 10% loss ie 10% of 250= 25.
So one item sold at 250-25=225
Hence remaining 2 items should be sold at 900-225=675
Therefore each item should be sold for 675/2=337.5
Gain % on remaining 2 items ={(337.5-250)/250}*100=35 %
Answer is 35%
If net profit has to be 20% ie 20%of 750 which is 150, then the total selling price should be 750+150=900.
Hence CP=750
SP=900
One item sold at 10% loss ie 10% of 250= 25.
So one item sold at 250-25=225
Hence remaining 2 items should be sold at 900-225=675
Therefore each item should be sold for 675/2=337.5
Gain % on remaining 2 items ={(337.5-250)/250}*100=35 %
Answer is 35%
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