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Tinkawala purchased the articles for ₹ 123684. He sold `60%` of those at a profit of `16.66%` and rest at a loss. Find the loss percentage on the remaining if the overall loss is `14%`?

A

`20%`

B

`30%`

C

`60%`

D

`66.66%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Calculate the total cost price Tinkawala purchased the articles for ₹123684. ### Step 2: Determine the quantity sold at profit Tinkawala sold 60% of the articles. Therefore, the cost price of the articles sold at profit is: \[ \text{Cost Price of Sold Articles} = 60\% \text{ of } 123684 = 0.6 \times 123684 = 74210.4 \] ### Step 3: Calculate the selling price of the sold articles The profit percentage on the sold articles is 16.66%. To find the selling price (SP) of these articles, we can use the formula: \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \] Where: \[ \text{Profit} = \text{Cost Price} \times \frac{\text{Profit Percentage}}{100} = 74210.4 \times \frac{16.66}{100} = 12384.73 \] Thus, the selling price of the sold articles is: \[ \text{Selling Price} = 74210.4 + 12384.73 = 86595.13 \] ### Step 4: Calculate the total cost price of the remaining articles The remaining articles constitute 40% of the total articles. Therefore, the cost price of the remaining articles is: \[ \text{Cost Price of Remaining Articles} = 40\% \text{ of } 123684 = 0.4 \times 123684 = 49473.6 \] ### Step 5: Calculate the overall loss The overall loss is given as 14%. Therefore, the total selling price (SP) for all articles can be calculated as follows: \[ \text{Total Selling Price} = \text{Total Cost Price} - \text{Loss} \] Where: \[ \text{Loss} = \text{Total Cost Price} \times \frac{\text{Loss Percentage}}{100} = 123684 \times \frac{14}{100} = 17315.76 \] Thus, the total selling price is: \[ \text{Total Selling Price} = 123684 - 17315.76 = 106368.24 \] ### Step 6: Calculate the selling price of the remaining articles The selling price of the remaining articles can be calculated as: \[ \text{Selling Price of Remaining Articles} = \text{Total Selling Price} - \text{Selling Price of Sold Articles} \] \[ \text{Selling Price of Remaining Articles} = 106368.24 - 86595.13 = 19773.11 \] ### Step 7: Calculate the loss on the remaining articles The loss on the remaining articles can be calculated as: \[ \text{Loss} = \text{Cost Price of Remaining Articles} - \text{Selling Price of Remaining Articles} \] \[ \text{Loss} = 49473.6 - 19773.11 = 29600.49 \] ### Step 8: Calculate the loss percentage on the remaining articles The loss percentage can be calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Cost Price of Remaining Articles}} \right) \times 100 \] \[ \text{Loss Percentage} = \left( \frac{29600.49}{49473.6} \right) \times 100 \approx 59.84\% \] ### Final Answer The loss percentage on the remaining articles is approximately **59.84%**. ---
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