Question

A shopkeeper purchased 100 blankets at Rs. 2000 each. He found that 10 blankets were

defective and he sold these at Rs. 1200 each. At what rate should he sell the remaining
blankets so as to gain 14% on the whole ?​

Answer 1

2,400.

Explanation:

Since the shopkeeper bought 100 blankets at $ 2000 each, he spent a total of $ 200,000. He wants to make a total profit of 14% through his sale, that is, he wants to make sales for $ 228,000 (200,000 x 1.14).

Since he sold 10 defective blankets at $ 1200 each, he recovered a total of $ 12,000. Therefore, he has $ 216,000 (228,000 - 12,000) left to achieve his goal, through the sale of 90 blankets. Therefore, you must sell each blanket for $ 2,400 (216,000 / 90) to make the desired profit.