Practicing Success
A person bought 25 pens for Rs.25 . He sold 14 of them at a loss of 50%. He wants to gain 10% on the whole. Then his gain percent on the remaining pens should be: |
86\(\frac{4}{11}\)% 66\(\frac{4}{11}\)% 86% 80% |
86\(\frac{4}{11}\)% |
Price of 25 pens = Rs.25 Price of 14 pen = Rs.14 ATQ, S.P. 14 pen @50% loss = Rs.7 To earn 10% profit on all pens, S.P. should be Rs.27.5 (i.e. 110% of 25) Now profit is to be earn on remaining 11 pens = Rs.9.5 Therefore, gain % on the remaining 10 pens = \(\frac{9.5}{11}\) × 100 = 86\(\frac{4}{11}\)% |