If goods be purchased for 450 and one third sold at a loss of 10%. At what gain percent should the remainder be sold so as to gain 20% on the whole transaction ?
Let no. of goods purchased be 3 for 450
=> Price of 1 good = 150
One third i.e. $$\frac{3}{3} = 1$$ is sold at 10% discount.
=> 10% of 150 = $$\frac{10}{100}$$ * 150 = 15
=> S.P. of 1 good = 150-15 = 135
Overall gain % = 20%
=> $$\frac{20}{100}$$ * 450 = 90
=> Total S.P. for 3 goods = 450+90 = 540
Since 1 good is sold at 135 => S.P. of remaining 2 = 540-135 = 405
C.P. of remaining 2 goods = 150*2 = 300
=> Required profit % = $$\frac{405-300}{300}$$ * 100
= 35%
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