If goods are purchased for Rs. 450 and 1/3 is sold at a loss of 10%. At what gain percentage should the remainder be sold to have a gain of 20% on the whole transaction?

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32%

36%

35%

30%

answer is C.

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Detailed Solution

Concept-
Formula used: Question Image

Let the total cost price of the goods be Rs. 450.
Total Selling price

One-third of the cost price:

Selling price on remaining goods

Cost price on remaining goods

Profit

The remaining goods should be sold at a profit of 35% to gain 20% on the whole transaction.
Hence, the correct answer is option 3) 35%

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