One-third of goods are sold at a 15% profit. 25% of the goods are sold at a 20% profit and the rest at a 20% loss. If the total profit of ₹138.50 is earned on the whole transaction, then the value(in ₹) of the goods is:
Let the total goods be 300
One third, means 100 goods are sold at 15℅ profit
25℅ means 75 goods are sold at 20℅ profit
The rest, means 125 goods are 20℅ loss
Let the price of each good be Re. 1
So, now calculating the profit and loss amounts:
For 100 goods, profit is 15℅ = Rs. 115
For 75 goods, profit is 20℅ = Rs. 90
For 125 goods, loss is 20℅ = Rs. 100
So, total amount of the selling price= Rs. 305
Total cost price = Rs.300
So, the profit = Selling price- cost price = Rs. 305-300 = Rs.5
Now equating it to the real values:
Rs. 5 is the profit when total amount of goods is Rs 300.
Rs. 138.50 is the profit when total amount of goods is= (300/5)*138.5 = Rs. 8310
$$\therefore$$ The value of the goods is Rs. 8310.
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