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A shopkeeper buys 8 articles for Rs. 800. He sells 5/8 of them at a gain of 20% and the remaining at cost price. Find his total gain.
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Step-by-step solution
5 stepsAssume a total number of articles and a cost price per article.
Let the total number of articles be 8 (to simplify calculations with the fraction ).
Let the cost price (CP) of each article be .
The total cost price for all 8 articles is .Calculate the selling price for the first part of the articles.
The shopkeeper sold of his articles at a gain of .
Number of articles in this part = articles.
Cost price of these 5 articles = .
Selling price (SP) of these 5 articles =
.Calculate the selling price for the remaining articles.
Remaining articles = Total articles - Articles in the first part = articles.
These remaining articles were sold at the cost price.
Cost price of these 3 articles = .
Selling price of these 3 articles = .
.Calculate the total selling price and total gain.
Total selling price = .
Total cost price = .
Total gain = Total selling price - Total cost price = .Calculate the overall gain percentage.
Gain percentage =
As a mixed fraction, is .
The final answer is
\boxed{\text{12\frac{1}{2}\%}}.
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