Home
Class 14
MATHS
A medical store owner purchased medicine...

A medical store owner purchased medicines worth ? 6000 from a company. He sold 1/3 part of the medicine at 30% loss .On which gain he should sell his rest of the medicines, so that he has neither gain nor loss?

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Determine the Total Cost Price The total cost price (CP) of the medicines purchased by the medical store owner is given as ₹6000. ### Step 2: Calculate the Cost Price of 1/3 of the Medicines To find out how much 1/3 of the medicines cost: \[ \text{Cost Price of } \frac{1}{3} \text{ of medicines} = \frac{1}{3} \times 6000 = 2000 \] ### Step 3: Calculate the Selling Price of 1/3 of the Medicines at 30% Loss If the owner sells this portion at a 30% loss, we can calculate the selling price (SP) as follows: \[ \text{Loss} = 30\% \text{ of } 2000 = 0.3 \times 2000 = 600 \] \[ \text{Selling Price} = \text{Cost Price} - \text{Loss} = 2000 - 600 = 1400 \] ### Step 4: Calculate the Cost Price of the Remaining Medicines The remaining medicines are 2/3 of the total. We calculate the cost price of the remaining medicines: \[ \text{Cost Price of } \frac{2}{3} \text{ of medicines} = \frac{2}{3} \times 6000 = 4000 \] ### Step 5: Calculate the Total Selling Price Required for No Gain or Loss To have neither gain nor loss, the total selling price (SP) must equal the total cost price (CP). The total selling price is the selling price of the first part plus the selling price of the remaining part: \[ \text{Total Selling Price} = \text{Total Cost Price} = 6000 \] Since the selling price of the first part is ₹1400, we can find the selling price of the remaining medicines (let's call it \( x \)): \[ 1400 + x = 6000 \] \[ x = 6000 - 1400 = 4600 \] ### Step 6: Calculate the Gain on the Remaining Medicines Now, we need to find out the gain on the remaining medicines: \[ \text{Gain} = \text{Selling Price} - \text{Cost Price} = 4600 - 4000 = 600 \] ### Step 7: Calculate the Gain Percentage To find the gain percentage, we use the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{Cost Price}} \right) \times 100 \] Substituting the values: \[ \text{Gain Percentage} = \left( \frac{600}{4000} \right) \times 100 = 15\% \] ### Conclusion The medical store owner should sell the rest of the medicines at a gain of **15%** to ensure that he has neither gain nor loss overall. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT AND LOSS

    ARIHANT SSC|Exercise EXERCISE BASE LEVEL QUESTIONS|85 Videos
  • PROFIT AND LOSS

    ARIHANT SSC|Exercise Higher Skill Level Questions|16 Videos
  • PROBLEMS BASED ON TRAINS

    ARIHANT SSC|Exercise EXERCISE HIGHER SKILL LEVEL QUESTIONS|12 Videos
  • PROFIT, LOSS AND DISCOUNT

    ARIHANT SSC|Exercise EXERCISE (LEVEL 2)|45 Videos

Similar Questions

Explore conceptually related problems

A shopkeeper purchased some books from a publication worth Rs 750.Because of some reasons,he had to sell two-fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books, so that he gets neither gain nor loss?

If a man were to sell his chair for Rs. 620, he would loss 20%. To gain 25%, he should sell it for

If an article is sold for Rs 105, there is a loss of 9%. At what price should the article be sold so that there is a gain of 30%

Ahmed buys a plot of land for 480000. He sells 2/5of it at a loss of 6%. At what gain per cent should he sell the remaining part of the plot to gain 10% on the whole?

Ahmed buys a plot of land for Rs. 480000. He sells 2/5 of it at a loss of 6%.At what gain per cent should he sell the remaining part of the plot to gain 10% on the whole?

ARIHANT SSC-PROFIT AND LOSS-Higher Skill Level Questions
  1. A medical store owner purchased medicines worth ? 6000 from a company....

    Text Solution

    |

  2. An article passing through two hands is sold at a profit of 40% at the...

    Text Solution

    |

  3. A merchant fixed the selling price of his articles at Rs 700 after add...

    Text Solution

    |

  4. A trader purchases a watch and a wall clock for Rs 390. He sells them ...

    Text Solution

    |

  5. A merchant has 1000 kg of sugar,part of which he sells at 8% profit an...

    Text Solution

    |

  6. A dealer buys an article marked at Rs 25000 with 20% and 5% off. He sp...

    Text Solution

    |

  7. By selling an umbrella for Rs. 30, a shop-keeper gains 20%. Dur ing a ...

    Text Solution

    |

  8. On selling an article at ₹ 530,the gain is 20% more than the loss incu...

    Text Solution

    |

  9. A person bought two bicycles for ₹ 1600 and sold the first at 10% pro...

    Text Solution

    |

  10. A person sold a table at a gain of 15% .Had he bought it for 25% less ...

    Text Solution

    |

  11. Cost of a packet of coffee powder and a litre of milk are ₹ 20 and ₹ 3...

    Text Solution

    |

  12. Assuming that profit of a shopkeeper in a particular commodity is a li...

    Text Solution

    |

  13. A person bought 8 quintal of rice for certain rupees. After a week, he...

    Text Solution

    |

  14. A bookseller sells a book at a profit of 10%. If he had bought it a...

    Text Solution

    |

  15. A dealer bought 80 cricket bats for Rs 50 each. He sells 20 of them at...

    Text Solution

    |

  16. A merchant earns a profit of 20% by selling a basket containing 80 app...

    Text Solution

    |

  17. A shopkeeper sells a transistors at 15% above its cost price. If he ha...

    Text Solution

    |