A shopkeeper bought 100 shirts for 7 12500. Hesold 20 of these at a pr

1.	A shopkeeper bought 100 shirts for 7 12500. Hesold 20 of these at a profit of 20%. If he wants tohave an overall profit of 26.4%, then he would sellremaining shirts for
Answer» Answer: Step-by-step explanation: COST price of SHIRT = 600/120 x 100 = 500 New profit % = 25% So, new SELLING price = 500 x 125/100 = 625 New cost price = 500+20 = 520 New profit = 625 - 520 = 105 => 105/500 x 100 OR 105/520 x 100 Note : Gift of RS 20 can be treated in TWO ways : Increase in cost price Reduction in selling price

A shopkeeper bought 100 shirts for 7 12500. Hesold 20 of these at a profit of 20%. If he wants tohave an overall profit of 26.4%, then he would sellremaining shirts for

Answer»

Answer:

Step-by-step explanation:

COST price of SHIRT = 600/120 x 100 = 500

New profit % = 25%

So, new SELLING price = 500 x 125/100 = 625

New cost price = 500+20 = 520

New profit = 625 - 520 = 105

=> 105/500 x 100 OR 105/520 x 100

Note : Gift of RS 20 can be treated in TWO ways :

Increase in cost price

Reduction in selling price