A trader purchased 360 packets of pencils at the rate of ₹15 per packet. He sold 60% of the packets at the rate of ₹18 per packet and the remaining packets at the rate of ₹20 per packet. What is his gain per cent (up to one decimal place) in this transaction?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 25.3.
Given:
A trader purchased 360 packets of pencils at the rate of ₹15 per packet
He sold 60% of the packets at the rate of ₹18 per packet and the remaining packets at the rate of ₹20 per packet
Calculations:
Cost price of 360 packets = 360 × 15 = 5400
Selling price of 60% packets = 216 × 18 = 3888
Selling price of remaining packets = 144 × 20 = 2880
Total selling price = 2880 + 3888 = 6768
Required gain% = (6768 - 5400)/5400 = 25.3%