Home
Class 14
MATHS
A tradesman fixed his selling price of g...

A tradesman fixed his selling price of goods at 30% above the cost price. He sells half the stock at this price, one quarter of his stock at a discount of 15% on the original selling price and rest at a discount of 30% on the original selling price. Find the gain percent altogether.

A

`14.875%`

B

`15.375%`

C

`15.575%`

D

`16.375%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break down the information provided and calculate the gain percent altogether. ### Step 1: Define the Cost Price Let the cost price (CP) of the goods be \(100\) rupees. **Hint:** Start with a simple value for CP to make calculations easier. ### Step 2: Calculate the Selling Price The selling price (SP) is fixed at 30% above the cost price. Therefore, the marked price (MP) is calculated as follows: \[ MP = CP + 30\% \text{ of } CP = 100 + 30\% \text{ of } 100 = 100 + 30 = 130 \text{ rupees} \] **Hint:** Remember that the selling price is based on a percentage increase from the cost price. ### Step 3: Determine the Stock Distribution Assume the total stock is \(x\). The tradesman sells: - Half of the stock at the marked price: \(\frac{x}{2}\) - One quarter of the stock at a 15% discount: \(\frac{x}{4}\) - The remaining stock at a 30% discount: \(\frac{x}{4}\) **Hint:** Visualize the stock distribution as fractions of the total stock. ### Step 4: Calculate Selling Price for Each Portion of Stock 1. **Selling Half the Stock at MP:** \[ SP_1 = \frac{x}{2} \times 130 = 65x \] 2. **Selling One Quarter of the Stock at 15% Discount:** The selling price after a 15% discount on the marked price is: \[ SP_2 = \frac{x}{4} \times (130 - 15\% \text{ of } 130) = \frac{x}{4} \times (130 - 19.5) = \frac{x}{4} \times 110.5 = 27.625x \] 3. **Selling the Remaining One Quarter at 30% Discount:** The selling price after a 30% discount on the marked price is: \[ SP_3 = \frac{x}{4} \times (130 - 30\% \text{ of } 130) = \frac{x}{4} \times (130 - 39) = \frac{x}{4} \times 91 = 22.75x \] **Hint:** Discounts reduce the selling price, so calculate the new price after applying the discount. ### Step 5: Calculate Total Selling Price Now, we can find the total selling price (SP) by adding the selling prices from all portions: \[ SP = SP_1 + SP_2 + SP_3 = 65x + 27.625x + 22.75x = 115.375x \] **Hint:** Combine all parts to find the total selling price. ### Step 6: Calculate Total Cost Price The total cost price (CP) of the stock is: \[ CP = 100x \] **Hint:** The total cost price is simply the cost price per unit multiplied by the total number of units. ### Step 7: Calculate Profit The profit can be calculated as: \[ \text{Profit} = SP - CP = 115.375x - 100x = 15.375x \] **Hint:** Profit is the difference between total selling price and total cost price. ### Step 8: Calculate Gain Percent The gain percent is calculated using the formula: \[ \text{Gain Percent} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 = \left(\frac{15.375x}{100x}\right) \times 100 = 15.375\% \] **Hint:** Gain percent is a measure of profit relative to the cost price. ### Final Answer The gain percent altogether is **15.375%**.
Promotional Banner

Topper's Solved these Questions

  • PROFIT, LOSS AND DISCOUNT

    DISHA PUBLICATION|Exercise Practice Exercise (Expert Level)|30 Videos
  • PROFIT, LOSS AND DISCOUNT

    DISHA PUBLICATION|Exercise Test Yourself|15 Videos
  • PROFIT, LOSS AND DISCOUNT

    DISHA PUBLICATION|Exercise Practice Exercise (Foundation Level)|54 Videos
  • PROBABILITY

    DISHA PUBLICATION|Exercise TEST YOURSELF|15 Videos
  • PROGRESSIONS

    DISHA PUBLICATION|Exercise TEST YOURSELF|15 Videos

Similar Questions

Explore conceptually related problems

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 merchant fixes the sale price of his goods at 15% above the cost price. He sells his goods at 12% less than the fixed price. His percentage of profit is :

DISHA PUBLICATION-PROFIT, LOSS AND DISCOUNT-Practice Exercise (Standard Level)
  1. A shopkeeper bought 150 calculators at the rate of Rs. 250 per calcula...

    Text Solution

    |

  2. A firm of readymade garments makes both men’s and women’s shirts. Its ...

    Text Solution

    |

  3. A tradesman marks his goods at 25% above cost price and allows discoun...

    Text Solution

    |

  4. A book seller sells a book at a profit of 10%. If he has bought it at ...

    Text Solution

    |

  5. A watch passes through three hands and each gains 25%. If the third se...

    Text Solution

    |

  6. I loss 9 per cent by selling pencils at the rate of 15 a rupee. How ma...

    Text Solution

    |

  7. A tradesman marks an article at Rs. 205 more than the cost price. He a...

    Text Solution

    |

  8. A manufacturer makes a profit of 15% by selling a colour TV for Rs. 57...

    Text Solution

    |

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

    Text Solution

    |

  10. Each of A and B sold their article at ₹ 1818 but A incurred a loss of ...

    Text Solution

    |

  11. A manufacturer of a certain item can sell all he can produce at the se...

    Text Solution

    |

  12. Dolly goes to a shop to purchase a doll priced at Rs. 400. She is offe...

    Text Solution

    |

  13. A trader sells goods to a customer at a profit of k% over the cost pri...

    Text Solution

    |

  14. A,B and C invest in the ratio of 3: 4: 5. The percentage of return on ...

    Text Solution

    |

  15. A car mechanic purchased four old cars for ₹ 1 lakh. He spent total 2....

    Text Solution

    |

  16. The cost of setting up a magazine is ₹ 2800. The cost of paper and ink...

    Text Solution

    |

  17. A person purchases 90 clocks and sells 40 clocks at a gain of 10% and ...

    Text Solution

    |

  18. A tradesman fixed his selling price of goods at 30% above the cost pri...

    Text Solution

    |

  19. Cheap and Best, a kirana shop bought some apples at 4 per rupee and an...

    Text Solution

    |

  20. Amar sold his moped to Bharat at 20% profit and Bharat sold it to Srid...

    Text Solution

    |