Math Is Fun Forum

soha

Real Member

Registered: 2006-07-07

Posts: 2,530

how to find selling price?

A merchant purchased 1000 cucumbers for Rs 3800.He paid 2% tax and spent Rs 50  on transportation . 40 of them were spoiled . At what price should he sell the remaining to gain Rs 1114 on the whole?

help me in this problem

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"Let us realize that: the privilege to work is a gift, the power to work is a blessing, the love of work is success!"
- David O. McKay

Jai Ganesh

Administrator

Registered: 2005-06-28

Posts: 46,171

Re: how to find selling price?

Cost Price = Rs.3,800/-
Tax = 2% = Rs.76/-
Transportation = Rs.50/-
Total = Rs.3926/-

Of the total 1000 cucumbers, 40 got spoiled, remaining quantity is 960 cucumbers.
Profit = Rs.1,114/-
Total Selling Price = Rs.3926/- + Rs.1114/- = Rs.4140/
Selling price per unit = Rs.4140/960 Nos. = Rs.4.3125

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It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.

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soha

Real Member

Registered: 2006-07-07

Posts: 2,530

Re: how to find selling price?

how is 2% =76

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"Let us realize that: the privilege to work is a gift, the power to work is a blessing, the love of work is success!"
- David O. McKay

pi man

Member

Registered: 2006-07-06

Posts: 251

Re: how to find selling price?

2% = .02

3800 * .02 = 76

soha

Real Member

Registered: 2006-07-07

Posts: 2,530

Re: how to find selling price?

ok, so how can we solve that problem using this formula
selling price = selling price when cost price is Rs 100 / 100  * 100

this is the one in the text

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"Let us realize that: the privilege to work is a gift, the power to work is a blessing, the love of work is success!"
- David O. McKay