SOLUTION: A shopkeeper buys 300 identical articles at a total cost of $ 1500. He fixes the selling price of each article at 20 % above the cost price and sells 260 articles at the price. As

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: A shopkeeper buys 300 identical articles at a total cost of $ 1500. He fixes the selling price of each article at 20 % above the cost price and sells 260 articles at the price. As       Log On


   

Question 433638: A shopkeeper buys 300 identical articles at a total cost of $ 1500. He fixes the selling price of each article at 20 % above the cost price and sells 260 articles at the price. As for the remaining articles, he sells them at 50 % of the selling price. Calculate the shopkeeper's total profit.
Answer by rwm(914) About Me  (Show Source):
You can put this solution on YOUR website!
1500/300=5 dollars cost each item
selling price equal 1.2*5 for 260*1.2*5 for 1560
remaining 40 articles =40*.6*5 for 120
1560+120-1500=180 profit