Question
Download Solution PDFSukhen purchased some perishable items for sale but 15% of those items could not be sold and went bad. However, Sukhen managed to sell the rest of the items at a price that helped him earn an overall profit of 19%. At what percentage above the cost price of each item did Sukhen sell each of the items that did NOT go bad?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
15 % was wasted and Profit = 19%.
Calculation:
Let the total number of items be 100 and the cost price of each item be Rs 100
Total cost price is 100 × 100 = Rs 10000
The total Selling price is , 10000 × 119 /100 = Rs11900
The total number of good items is 85
The selling price of good items is 11900 / 85 = Rs 140
So the above percentage is 140 - 100 = 40%
∴ The correct option is 1
Last updated on Jun 26, 2025
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