Home
Class 14
MATHS
A trader marked his goods at 20% above t...

A trader marked his goods at 20% above the cost price. He sold half the stock at the marked price. one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. His total gain is

A

2.00%

B

4.50%

C

13.50%

D

15.00%

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 Cost Price (CP) and Marked Price (MP) - Let's assume the cost price (CP) of each article is ₹1. - If the trader marks his goods at 20% above the cost price, the marked price (MP) can be calculated as follows: \[ MP = CP + (20\% \text{ of } CP) = 1 + (0.20 \times 1) = 1 + 0.20 = ₹1.20 \] ### Step 2: Calculate the Total Number of Articles - Assume the total number of articles is 80. ### Step 3: Calculate the Total Marked Price - The total marked price for all articles is: \[ \text{Total MP} = \text{Number of articles} \times MP = 80 \times 1.20 = ₹96 \] ### Step 4: Calculate Sales from Different Portions of Stock 1. **Half of the stock sold at marked price:** - Number of articles sold = \( \frac{80}{2} = 40 \) - Selling Price (SP) for this portion: \[ SP_1 = 40 \times 1.20 = ₹48 \] 2. **One quarter sold at a 20% discount on marked price:** - Number of articles sold = \( \frac{80}{4} = 20 \) - Selling Price (SP) for this portion: \[ \text{Discount} = 20\% \text{ of } 1.20 = 0.20 \times 1.20 = ₹0.24 \] \[ \text{Selling Price per article} = MP - \text{Discount} = 1.20 - 0.24 = ₹0.96 \] \[ SP_2 = 20 \times 0.96 = ₹19.20 \] 3. **The rest sold at a 40% discount on marked price:** - Number of articles sold = \( 80 - 40 - 20 = 20 \) - Selling Price (SP) for this portion: \[ \text{Discount} = 40\% \text{ of } 1.20 = 0.40 \times 1.20 = ₹0.48 \] \[ \text{Selling Price per article} = MP - \text{Discount} = 1.20 - 0.48 = ₹0.72 \] \[ SP_3 = 20 \times 0.72 = ₹14.40 \] ### Step 5: Calculate Total Selling Price (SP) - Now, we can calculate the total selling price: \[ \text{Total SP} = SP_1 + SP_2 + SP_3 = 48 + 19.20 + 14.40 = ₹81.60 \] ### Step 6: Calculate Total Cost Price (CP) - The total cost price for all articles: \[ \text{Total CP} = \text{Number of articles} \times CP = 80 \times 1 = ₹80 \] ### Step 7: Calculate Total Gain - The total gain can be calculated as: \[ \text{Total Gain} = \text{Total SP} - \text{Total CP} = 81.60 - 80 = ₹1.60 \] ### Step 8: Calculate Gain Percentage - The gain percentage can be calculated as: \[ \text{Gain Percentage} = \left( \frac{\text{Total Gain}}{\text{Total CP}} \right) \times 100 = \left( \frac{1.60}{80} \right) \times 100 = 2\% \] ### Final Answer - The total gain is **2%**.
Promotional Banner

Topper's Solved these Questions

  • PROFIT & LOSS

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise Questions|200 Videos
  • PIPE & CISTERN

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS|40 Videos
  • QUADRILATERAL

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise EXERCISE|48 Videos

Similar Questions

Explore conceptually related problems

A trader marks his goods at 35% above the cost price. He sells 80% the goods at the marked price and rest, he sells by allowing 35% discount on the marked price. His profit percent is:

A trader marks his goods at 40% above the cost price but allows a discount of 20% on the marked price. His profit percentage is

A trader marks his goods at 20% above the cost price. If he allows a discount of 5% on the marked price, what profit per cent does he make?

A trader marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent?

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-PROFIT & LOSS-Questions
  1. A trader marked his goods at 20% above the cost price. He sold half th...

    Text Solution

    |

  2. On selling an article for Rs. 1470 a man gets profit of 22.5%. Find th...

    Text Solution

    |

  3. On selling an article for Rs. 155 a man bears loss of 16(2)/(3)%. Find...

    Text Solution

    |

  4. In selling an article for Rs. 76, there is a profit of 52%. If it is s...

    Text Solution

    |

  5. If books bought at price from Rs. 150 to Rs. 300 are sold at prices ra...

    Text Solution

    |

  6. Loss incurred by selling an article for Rs 600 is equal to profit gain...

    Text Solution

    |

  7. Loss incurred by selling an article for Rs 550 is equal to half of the...

    Text Solution

    |

  8. The profit earned when an article is sold for Rs. 800 is 20 times the ...

    Text Solution

    |

  9. Loss incurred by selling an article for Rs 800 is 23% more than profit...

    Text Solution

    |

  10. Ratio of Loss incurred by selling an article for Rs 820 and profit gai...

    Text Solution

    |

  11. The ratio of cost price and selling price is 5 : 4, the loss percent i...

    Text Solution

    |

  12. The selling price of an article is 8/5 th of its cost price. Then the ...

    Text Solution

    |

  13. Selling price of 25 articles is equal to cost price of 20 articles. Fi...

    Text Solution

    |

  14. If the cost price of 25 articles is equal to the selling price of 35 a...

    Text Solution

    |

  15. If the total cost of 73 articles having equal cost is Rs 5, 110 and th...

    Text Solution

    |

  16. On selling 23 articles a person gains profit equal to selling price of...

    Text Solution

    |

  17. On selling 25 articles a person incurred loss equal to cost price of 5...

    Text Solution

    |

  18. On selling 17 articles for Rs 720 a person incurred loss equal to cost...

    Text Solution

    |

  19. Cost price of 19 articles is Rs 625. By selling these articles A perso...

    Text Solution

    |

  20. The cost price of 16 apples is equal to the selling price of 10 apples...

    Text Solution

    |

  21. A person bought some articles at rate of 11 for Rs 10 and sold them at...

    Text Solution

    |