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If goods be purchased for ₹450 and one third sold at a loss of 10%. At what gain percentage should the remainder be sold so as to gain 20% on the whol
Question

If goods be purchased for ₹450 and one third sold at a loss of 10%. At what gain percentage should the remainder be sold so as to gain 20% on the whole transaction?

A.

32%

B.

35%

C.

28%

D.

30%

Correct option is B

Solution

We need to calculate the gain percentage at which the remainder of the goods must be sold to achieve an overall gain of 20%.

Step-by-Step Solution:

1. Given:

- Cost price of the goods: ₹450

- One-third of the goods is sold at a loss of 10%.

- Required overall gain: 20%.

2. Calculate the cost price of one-third of the goods:

Cost price of one-third=13×450=150 \text{Cost price of one-third} = \frac{1}{3} \times 450 = 150 \, \text{₹}

3. Selling price of one-third of the goods (at 10% loss):

Selling price is given by:

Selling price=Cost price×(1Loss Percentage)\text{Selling price} = \text{Cost price} \times (1 - \text{Loss Percentage})

Substituting values:

Selling price of one-third=150×(10.10)=150×0.90=135 \text{Selling price of one-third} = 150 \times (1 - 0.10) = 150 \times 0.90 = 135 \, \text{₹}

4. Calculate the required selling price for the whole transaction:

To achieve an overall gain of 20%, the total selling price must be:

Required total selling price=Cost price×(1+Gain Percentage)\text{Required total selling price} = \text{Cost price} \times (1 + \text{Gain Percentage})

Substituting values:

Required total selling price=450×(1+0.20)=450×1.20=540 \text{Required total selling price} = 450 \times (1 + 0.20) = 450 \times 1.20 = 540 \, \text{₹}

5. Calculate the selling price required for the remaining goods:

The remaining two-thirds of the goods must contribute:

Selling price of remainder=Required total selling priceSelling price of one-third\text{Selling price of remainder} = \text{Required total selling price} - \text{Selling price of one-third}

Substituting values:

Selling price of remainder=540135=405 \text{Selling price of remainder} = 540 - 135 = 405 \, \text{₹}

6. Cost price of the remaining goods:

The cost price of the remaining two-thirds of the goods is:

Cost price of remainder=450150=300 \text{Cost price of remainder} = 450 - 150 = 300 \, \text{₹}

7. Calculate the required gain percentage:

The gain percentage on the remainder is:

Gain Percentage=Selling priceCost priceCost price×100\text{Gain Percentage} = \frac{\text{Selling price} - \text{Cost price}}{\text{Cost price}} \times 100

Substituting values:

Gain Percentage=405300300×100=105300×100=35%\text{Gain Percentage} = \frac{405 - 300}{300} \times 100 = \frac{105}{300} \times 100 = 35\%

Final Answer:

35%\boxed{35\%}

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