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Hemant purchased some book and by sellin...

Hemant purchased some book and by selling 40% of total books he will get cost price of 80% books. If he sells 70% of remaining books at half of its initial profit percent and rest of the books remain unsold, find his overall profit %.

A

`40%`

B

`45%`

C

`75%`

D

`43%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Define the total number of books and their cost price. Let the total number of books purchased by Hemant be 100. ### Step 2: Calculate the selling price of the first 40% of the books. Hemant sells 40% of the total books: - Number of books sold = 40% of 100 = 40 books. According to the problem, by selling these 40 books, he gets the cost price of 80 books. Therefore, we can set up the following equation: - Selling Price (SP) of 40 books = Cost Price (CP) of 80 books. ### Step 3: Establish the ratio of Selling Price to Cost Price. Let the cost price of each book be 1 (for simplicity). Thus, the cost price of 80 books = 80. - Therefore, SP of 40 books = 80. Now, we can find the SP to CP ratio: - SP of 40 books = 80 - CP of 40 books = 40 (since CP of each book is 1) Thus, the ratio of SP to CP is: \[ \text{SP} : \text{CP} = 80 : 40 = 2 : 1 \] ### Step 4: Calculate the initial profit percentage. Using the profit formula: \[ \text{Profit} = \text{SP} - \text{CP} \] \[ \text{Profit} = 80 - 40 = 40 \] Now, the profit percentage is calculated as: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 \] \[ \text{Profit Percentage} = \left( \frac{40}{40} \right) \times 100 = 100\% \] ### Step 5: Calculate the remaining books after the first sale. After selling 40 books, the number of books remaining is: - Remaining books = 100 - 40 = 60 books. ### Step 6: Calculate the number of books sold at half the initial profit percentage. Hemant sells 70% of the remaining books: - Number of books sold = 70% of 60 = 42 books. ### Step 7: Calculate the selling price of these 42 books at half the initial profit percentage. The initial profit percentage was 100%, so half of that is 50%. The new selling price for these books can be calculated as follows: - New SP = CP + (50% of CP) = CP + 0.5 * CP = 1.5 * CP. Since the CP of each book is 1, the SP for 42 books is: \[ \text{SP} = 42 \times 1.5 = 63 \] ### Step 8: Calculate the total selling price. Now, we can find the total selling price: - Total SP = SP from first sale + SP from second sale - Total SP = 80 + 63 = 143. ### Step 9: Calculate the total cost price. The total cost price for 100 books is: - Total CP = 100 (since each book costs 1). ### Step 10: Calculate the overall profit percentage. Now, we can calculate the overall profit: \[ \text{Overall Profit} = \text{Total SP} - \text{Total CP} = 143 - 100 = 43 \] The overall profit percentage is: \[ \text{Overall Profit Percentage} = \left( \frac{43}{100} \right) \times 100 = 43\% \] ### Conclusion Thus, Hemant's overall profit percentage is **43%**. ---
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