Question

7. A shopkeeper buys 300 identical articles a tota

Answer 1

Step-by-step explanation and answers:

300 articles at a total cost of $1500:

        $1500 / 300 = $5 / article

Sells 260 articles at a price 20% above this ^ price:

         20% of $5 is $1,   so $5 + $1 = $6

               Then he sells 260 articles at the price of ^ $6

               260 * $6 = $1560

Each of the remaining articles is sold at a price that's 50% of the 260 he sold.

         He sold those for $6,  so he would now sell the last 40 for $3

               From the remaining 40 articles, he makes 40 * $3, or $120

The shopkeeper made $1560 + $120 = $1680,  which is $180 more than he bought them for ($1500)

Therefore, he made a profit percentage of $180 / $1500,  (the amount of profit over the amount spent).

He made a profit percentage, compared to the cost price, of 12%.