A sports dealer bought 2000 hockey sticks for Rs. 350 each. 10 % of them were found to be defective and unit to be sold. At what price should he sell the remaining sticks to get an overall profit of 8 % ?

360

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400

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420

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450

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Solution

The correct option is B 420
Total Hockey sticks = 2000
Price of each hockey stick = Rs. 350
Total price = 2000 *350 = Rs. 700000
But 10 % hockey sticks were defective i.e. 200 hockey sticks were defective. It means 1800 hockey sticks cost him Rs. 700000
Selling price with 8% gain for total stick = 700000 + 8% of 700000 = Rs. 756000
Selling price of each stick would be = 756000 / 1800 = Rs. 420.

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