My Math Forum What is the total gain of the trader?
 User Name Remember Me? Password

 Elementary Math Fractions, Percentages, Word Problems, Equations, Inequations, Factorization, Expansion

 August 2nd, 2019, 01:37 AM #1 Senior Member   Joined: Aug 2014 From: India Posts: 476 Thanks: 1 What is the total gain of the trader? A trader marked his goods at 20% above CP of rs 245346. He sold half of the stock at MP & one quarter at discount of 20% on MP and rest is at discount 40% on MP. Find total gain? Sol: CP 100 corresponds to MP 120 50 corresponds to 60 25 corresponds to 24 25 corresponds to 18 100 corresponds to 102 Profit 2% Please explain the solution. Last edited by Ganesh Ujwal; August 2nd, 2019 at 02:12 AM.
 August 2nd, 2019, 05:20 AM #2 Global Moderator   Joined: Dec 2006 Posts: 21,028 Thanks: 2259 If the goods were all sold at 120% of CP, no addition would be needed - one could just say that the overall profit was 20%. The solution gives a breakdown corresponding to the various selling prices of the goods: 50% of 120 is 60 25% of (100 - 20)% of 120 is 24 25% of (100 - 40)% of 120 is 18 The total revenue is 102% of combined CP, so the overall profit is 2%. The problem statement contains two ambiguities - it doesn't state whether the "total gain" relates to all the goods or just those that are stated to have been sold, and it doesn't state whether the answer can be given as a profit percentage. Thanks from Ganesh Ujwal

 Tags gain, total, trader

 Thread Tools Display Modes Linear Mode

 Similar Threads Thread Thread Starter Forum Replies Last Post nicholasjf Applied Math 1 August 28th, 2015 03:15 AM Chikis Elementary Math 5 October 22nd, 2014 04:43 AM MrG New Users 14 July 2nd, 2012 10:38 AM MrG Advanced Statistics 0 December 31st, 1969 04:00 PM

 Contact - Home - Forums - Cryptocurrency Forum - Top