Posted by **Ramesh Reddy** on Thursday, September 1, 2011 at 1:52am.

I will be very greatful to you if you help me to solve the below problem:

A man purchased goods Rs.880.He sold one-fourth of the goods at 15%loss.At what percent gain should the remaining be sold to gain 5% on the whole?

I had done the above problem like this:

C.P=Rs 880

C.P of 1/4th of the goods

=1/4*880=Rs 220

S.p=C.P*(100+g%)/100

=220*(100+5)/100

=220*105/100

=21*11

=Rs 231

Therefore he should sell it at Rs 231 to gain 5% profit.

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