Posted by Anonymous on Friday, December 21, 2012 at 1:31pm.
cost: 300/12 * 50 = 1250
12% profit = 150
so, he needs total sales of 1400
1st 200: 200/10 * 50 = 1000
the remaining 100 apples must sell for 400, or Rs40 each
cost price per apple = 50/12 = 25/6
total paid for the 300 apples = 300(25/6) = 1250
to have an overall profit of 12%,
the total selling price must be 1.12(1250) = 1400
so far he sold 200 at 50/10
so far he took in 200(50/10) = 1000
so he needs to make Rs 400 on the remaining 100 apples
or
400/100 = Rs 4 per apple
check:
200 apples @ Rs 5 = 1000
100 apples @ Rs 4 = 400
total = 1400
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