A shopkeeper of sports goods bought 2000 hockey sticks. The cost price of each stick is Rs. 350. 10% of the sticks were faulty and not worth-selling. To gain 8% profit, at what price should, each of the rest sticks, be sold ?

• CP of 2000 sticks = 2000 * 350 =700000 ;
  10 % of 2000 were faulty so remaining sticks = 1800
  profit %= ((SP-CP)/CP)*100 =8
  ((SP-700000)/700000)*100=8 =>SP= 7560000 ; So SP of each stick=7560000/1800=420
• 11 years agoHelpfull: Yes(7) No(0)
• 10% of 2000 = 200 were faulty
  CP of 2000 sticks = 2000 * 350 = 700000
  
  profit % = (SP - CP ) / CP
  => 8 = ( SP - 700000 ) / 700000
  => SP of 1800 sticks = 6300000
  => SP of each stick = Rs 3500
• 11 years agoHelpfull: Yes(1) No(4)
• total cost price of 2000 sticks=350*2000=700000
  10% of 2000 sticks=2000*10/1000=2000
  no of remaining sticks=2000-200=1800
  8% of 700000=700000*8/100=56000
  so total amount=C.P +Profit
  ==>756000
  cost of one stick=756000/1800
  ==>Rs.420
• 11 years agoHelpfull: Yes(1) No(1)
• cost price of 2000 sticks=rs.7,00,000
  to sell 8% profit, to sell 1800 sticks at rupees 7,56,000
  cost of each stick=756,000/1800=rupees 420
• 11 years agoHelpfull: Yes(1) No(1)
• Total hockey sticks=2000
  Defected no of sticks=10% of 2000=200
  C.P. Of 1 stick=350
  Gain% =8%
  S.P. Of 1 stick=( (100+gain%)*C.P.)/100
  =Rs. 378
• 10 years agoHelpfull: Yes(1) No(0)
• C.P. of 2000 hockey sticks = Rs 350*2000 = Rs 700000
  Also, faulty sticks = 200
  Therefore, no of sticks to be sold = 2000-200 = 1800
  To get 8% profit S.P. = Rs 700000*1.08 = 756000
  Therefore, selling price of each stick = 756000/1800 = Rs 420 Ans.
• 10 years agoHelpfull: Yes(1) No(0)
• c.p is 2000*350=700000
  10% of 2000 is 200
  remaining are 1800
  let the s.p of each be x
  ((1800x - 700000) / 700000 ) * 100 = 8
  x=420/-
  there fore the price should be 420/-
• 10 years agoHelpfull: Yes(1) No(0)
• 
  total hockey sticks=2000
  
  CP of each stick=Rs.350
  
  total invested amount=2000*Rs.350
  =Rs.700000
  
  faulty sticks=10/100*2000=200
  
  Remaining sticks=2000-200=1800
  
  expected profit percentage=8%
  
  8=((SP/CP)-1)*100
  
  8=((SP/700000)-1)*100
  
  8=((SP-700000)/700000)*100
  8=((SP-700000)/7000)
  
  7000*8=SP-700000
  7000*8+700000=SP
  56000+700000=SP
  
  SP=756000
  
  Selling price of each stick=756000/1800=420
• 10 years agoHelpfull: Yes(0) No(0)
• total cost of 2000 sticks=Rs.700000
  8% of the cost is Rs.57500
  removing 20% of the sticks total no. of sticks=1800 and these should sold with total amount of Rs.787500
  shopkeeper should sell each stick with Rs.437.50 (1800*437.50=787500)
• 10 years agoHelpfull: Yes(0) No(1)