Question 128

A shopkeeper has goods of worth 6000. He sold half of the goods at a gain of l2%. At what profit percent should he sell the remaining half of the stock so that he gets 18% profit on the whole ?

Solution

total cost price of goods = Rs 6000

Cost price of half goods = Rs 3000

Selling prices of half goods = 1.12 × 3000 = Rs 3360

Total profit assumed is 18 % which means total selling price should be = 1.18 × 6000 =Rs 7080

Selling price if remaining half items = 7080 - 3360 = Rs 3720

Profit percent for another half = $$\frac{3720-3000}{3000}\times100$$

= 24 %

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