A shopkeeper buys goods for ₹ 6000. He sells 40% goods at a profit of 8%. At what profit percentage (correct to one decimal place) should he sell the remaining goods to gain 25% on the entire transaction?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 36.3%.
Given:
Cost price = 6000
He sells 40% goods at a profit of 8%
Calculations:
Overall profit of 25% = 6000 × 25% = 1500
40% of 6000 = 2400
He gains 8% on 40% of the goods = 2400 × 8% = 192
Remaining profit = 1500 - 192 = 1308
Remaining goods = 6000 - 2400 = 3600
Required profit percentage = (1308/3600) × 100 = 36.3