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Question 73
A person bought 80 m cloth at ₹110 per m and sold 75 % of it at a gain of 6 %. At what gain percent did he sell the remaining cloth, if he gained 10% on his outlay?
Solution
Given that 1m cost= Rs 110
Total cost price=110*80
=8800
Total profit =10%
Therefore total SP=1.1 CP
=1.1 *8800
=Rs 9680
75% of cloth=80*(3/4)
=60m
It is sold at 6% profit so CP of 60m cloth=60*110=6600
SP of 60m cloth=1.06*6600
=Rs 6996
SP of remaining cloth= 9680-6996
=Rs 2684
CP of 20m cloth=20*110=2200
Profit percent=((2684-2200)/2200)*100
=484/22
=22%
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