Problema Solution
A gift shop owner has 5 soft toys which he brought at RS 680 each. He sold two at a 14% profit. What should be his profit per cent when he sells the remaining soft toys if he wants to make a net gain of 20% on selling all the soft toys ?
Answer provided by our tutors
total cost =5*680=3400
net gain he want=20% of 3400=680
already he sold two at 14% profit
thus profit=2*14%*680=190.4
remian 3 toy he want profit of 680-190.4=489.6
thus each wiil be sold at profit of 489.6/3=163.2
thus profit %=163.2/680 *100%=24%