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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.

Mathematics

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Step-by-step solution

5 steps
  1. Assume 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 58\frac{5}{8}).
    Let the cost price (CP) of each article be ₹100\text{₹}100.
    The total cost price for all 8 articles is 8×₹100=₹8008 \times \text{₹}100 = \text{₹}800.

  2. Calculate the selling price for the first part of the articles.

    The shopkeeper sold 58\frac{5}{8} of his articles at a gain of 20%20\%.
    Number of articles in this part = 58×8=5\frac{5}{8} \times 8 = 5 articles.
    Cost price of these 5 articles = 5×₹100=₹5005 \times \text{₹}100 = \text{₹}500.
    Selling price (SP) of these 5 articles = CP×(1+Gain Percentage)\text{CP} \times (1 + \text{Gain Percentage})
    SP1=₹500×(1+20100)=₹500×1.20=₹600\text{SP}_1 = \text{₹}500 \times (1 + \frac{20}{100}) = \text{₹}500 \times 1.20 = \text{₹}600.

  3. Calculate the selling price for the remaining articles.

    Remaining articles = Total articles - Articles in the first part = 8−5=38 - 5 = 3 articles.
    These remaining articles were sold at the cost price.
    Cost price of these 3 articles = 3×₹100=₹3003 \times \text{₹}100 = \text{₹}300.
    Selling price of these 3 articles = CP=₹300\text{CP} = \text{₹}300.
    SP2=₹300\text{SP}_2 = \text{₹}300.

  4. Calculate the total selling price and total gain.

    Total selling price = SP1+SP2=₹600+₹300=₹900\text{SP}_1 + \text{SP}_2 = \text{₹}600 + \text{₹}300 = \text{₹}900.
    Total cost price = ₹800\text{₹}800.
    Total gain = Total selling price - Total cost price = ₹900−₹800=₹100\text{₹}900 - \text{₹}800 = \text{₹}100.

  5. Calculate the overall gain percentage.

    Gain percentage = Total GainTotal Cost Price×100%\frac{\text{Total Gain}}{\text{Total Cost Price}} \times 100\%

    Gain Percentage=₹100₹800×100%\text{Gain Percentage} = \frac{\text{₹}100}{\text{₹}800} \times 100\% Gain Percentage=18×100%\text{Gain Percentage} = \frac{1}{8} \times 100\% Gain Percentage=12.5%\text{Gain Percentage} = 12.5\%

    As a mixed fraction, 12.5%12.5\% is 1212%12\frac{1}{2}\%.

    The final answer is \boxed{\text{12\frac{1}{2}\%}}.

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