A shopkeeper purchased some material for ₹ 800 industrial, of which 40% was sold at a loss of 10%. To obtain a gain of 12%, the percentage profit on the remaining goods must be: .
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 26(2/3)%.
Calculations:
Let the total number of items be 10
40% of the total items = 4
Price of an item = 800
Cost price of 10 items = 8000
40% was sold at a loss of 10% = 800 × 90% = 720
Total Selling price of 4 items = 720 × 4 = 2880
Total gain is 12%, final selling price = 8000 × 112% = 8960
Selling price of remaining items = 8960 - 2880 = 6080
Cost price of 6 items = 4800
Required gain % = ((6080 - 4800)/4800) × 100 = 26(2/3)%