SOLUTION: A fruit merchant purchased some fruits and sold 1/2 of them at a gain of 60% and 1/4 of them at a gain of 20%,the rest are spoiled.Find his gain percent on the whole.
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-> SOLUTION: A fruit merchant purchased some fruits and sold 1/2 of them at a gain of 60% and 1/4 of them at a gain of 20%,the rest are spoiled.Find his gain percent on the whole.
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Question 628321: A fruit merchant purchased some fruits and sold 1/2 of them at a gain of 60% and 1/4 of them at a gain of 20%,the rest are spoiled.Find his gain percent on the whole. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A fruit merchant purchased some fruits and sold 1/2 of them at a gain of 60% and 1/4 of them at a gain of 20%,the rest are spoiled.Find his gain percent on the whole.
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Let original price be "4x".
60% gain on (1/2) of them: 1.60*(2x) = 3.2x - 2x = 1.2x
20% gain on (1/4) of them: 1.2*x = 1.2x - x = 0.2x
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Total gain 1.2x + 0.2x = 1.4x
Total gain percent: 1.4x/4x = 1.4/4 = 0.35 = 35%
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Cheers,
Stan H.
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