ICSE Class 7 Answered
A gift shop owner has 5 soft toys which he bought at Rs 680 each . he sold two at 14 percent profit. calculate his profits percentage if he sells remaining soft toys making a net game of 20% on selling all the soft toys?
Asked by bmani2289 | 01 Dec, 2023, 18:10: PM
Expert Answer
Cost of each toy = Rs. 680
Therefore, cost of 5 toys = Rs. 3400
Total profit on 5 toys = 20% of Rs. 3400 = Rs. 680
Profit on 2 toys = 14% each = 2 x (14/100 x 680) = Rs. 190.40
Then, profit on other 3 toys = Rs. 680 - Rs. 190.40 = Rs. 489.60
So, profit on each of 3 toys = Rs. 489/60/3 = Rs. 163.20
Therefore, profit% = 163.20/680 x 100% =24%
Answered by Rashmi Khot | 04 Dec, 2023, 10:49: AM
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