A shopkeeper sold one-third of his articles at 5% profit. At what profit percent should he sell the remaining articles so that his overall gain is 15%A10%B20%C25%D30%
Question
A shopkeeper sold one-third of his articles at 5% profit. At what profit percent should he sell the remaining articles so that his overall gain is 15%A10%B20%C25%D30%
Solution
To solve this problem, we need to set up an equation that represents the total profit.
Let's denote:
- the total number of articles as 'a'
- the profit percent for the remaining articles as 'x'
According to the problem, the shopkeeper sold one-third of his articles at a 5% profit. This means he sold a/3 articles at a 5% profit.
The remaining articles, which is 2a/3, were sold at an 'x' percent profit.
The overall gain from selling all the articles is 15%.
We can set up the following equation to represent this situation:
(a/3 * 5/100) + (2a/3 * x/100) = a * 15/100
Solving this equation for 'x' will give us the profit percent at which the shopkeeper should sell the remaining articles to achieve an overall gain of 15%.
Let's simplify the equation:
5/3 + 2x/3 = 15 2x/3 = 15 - 5/3 2x/3 = 10 2x = 30 x = 15
So, the shopkeeper should sell the remaining articles at a 15% profit to achieve an overall gain of 15%.
Therefore, the answer is A) 10%.
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