Chaman sells 40 fans at 10% profit.He wants a total of 20% profit on the entire sale.Since he got 160 fans at rate of Rs.100 each, at what profit must he sell the remaining fans?70/3%160/58%30%100/3%
Question
Chaman sells 40 fans at 10% profit.He wants a total of 20% profit on the entire sale.Since he got 160 fans at rate of Rs.100 each, at what profit must he sell the remaining fans?70/3%160/58%30%100/3%
Solution
Let's break down the problem step by step:
-
Chaman bought 160 fans for Rs. 100 each, so the total cost of the fans is 160 * 100 = Rs. 16,000.
-
He sold 40 fans at a 10% profit. The cost of 40 fans is 40 * 100 = Rs. 4,000. A 10% profit on this amount is 4000 * 10/100 = Rs. 400. So, he sold the 40 fans for 4000 + 400 = Rs. 4,400.
-
Chaman wants a total of 20% profit on the entire sale. 20% of Rs. 16,000 is 16000 * 20/100 = Rs. 3,200. So, he wants to sell all the fans for 16000 + 3200 = Rs. 19,200.
-
He has already sold 40 fans for Rs. 4,400. So, he needs to sell the remaining fans for 19200 - 4400 = Rs. 14,800.
-
The cost of the remaining fans is 16000 (total cost) - 4000 (cost of 40 fans) = Rs. 12,000.
-
To find the profit percentage he must sell the remaining fans at, we first find the profit he needs to make, which is 14800 (selling price) - 12000 (cost price) = Rs. 2,800.
-
The profit percentage is then (2800/12000) * 100 = 23.33%.
So, Chaman must sell the remaining fans at a profit of 23.33% to achieve a total profit of 20% on the entire sale.
Similar Questions
Arun makes a profit of 40% on cost price by selling a Cooler for Rs. 5600. If the cost price of the Cooler is increased by 20% and he wants to earn the same profit, what will be the new profit percent on selling price?a.18%b.25%c.14%d.27%
bookseller bought 100 copies of a book and marked its price at 40% above the cost price. He sold 40 books giving a discount of 10% and the remaining at a discount of 20%. What is his overall profit percentage?16.80%17.60%20%22%None
A shopkeeper marked an article 40% above its cost price and allowed a discount of 20%. Had he marked the article 50% above its cost price and allowed a discount of 12%, the selling price would have been Rs. 90 more than the earlier selling price. Find 130% of the cost price.
A shopkeeper marked up the price of an article by 40% above cost price and he allows 25% discount on marked price. If shopkeeper earns Rs. 420 as profit, then find his profit (in Rs.) when he allows discount of 20% instead of 25%?
Select the correct answerA man sold an article for Rs 6800 and incurred a loss. Had he sold the article for Rs7850, his gain would have been equal to half of the amount of loss that he incurred. At what price should he sell the article to have 20% profit?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.