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Question

A dealer bought 100 footballs for 40 each. He sells 20%of them at a gain of 10%. At what gain per cent must he sell the remaining so as to gain 25% on whole.


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Solution

Number of footballs = 100

cost price of a football = 40

Total cost Price = 40×100=4000

20%of100footballs=20

Selling Price of Each for 20=40+10100×40=44

Selling Price of 20=44×20=880

Total Gain = 25%

Total selling price = 4000+25100×4000=5000

Selling price of remaining 80footballs=5000-880=4120

Cost Price of remaining 80footballs=80×40=3200

gain=4120-3200=920Gain%=9203200×100=1154%=28.75%

Hence he sell the remaining footballs on a gain of 28.75%


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