A man bought a certain quantity of sugar for Rs. 8000. He sells one-fourth of it at 20% loss. At what per cent profit should he sell the remainder stock so as to make an overall profit of 20%?
Correct Answer: 30%
Explanation:
Let the remainder stock be sold at P% profit.
(P - 20) / 30 = ((1 / 4) / (3 / 4))
or (P – 20) = 30 × (1 / 3)
or P = 20 + 10
P = 30% profit.
