A medical store owner purchased medicines worth ₹6,200 from a company. He sold…

2025

A medical store owner purchased medicines worth ₹6,200 from a company. He sold one-third of the medicines at 33% loss. At what gain should he sell the rest of the medicines, so that he has neither gain nor loss?

  1. A.

    15.6%

  2. B.

    17.7%

  3. C.

    16.5%

  4. D.

    14.4%

Attempted by 1 students.

Show answer & explanation

Correct answer: C

Step-by-Step Solution

To achieve a "neither gain nor loss" (break-even) position, the total profit from the remaining goods must exactly equal the total loss incurred from the first part.

  1. Analyze the first part:

    • Portion of goods = 1/3

    • Loss percentage = 33%

    • Loss amount = (1/3) * 33% = 11% of the total cost price (CP).

  2. Analyze the remaining part:

    • Portion of goods = 1 - 1/3 = 2/3

    • We need this part to generate a profit percentage (P%) that covers the 11% loss.

  3. Set up the equation:

    • Profit from remaining = Loss from first part

    • (2/3) * P% = 11%

  4. Solve for P%:

    • P% = 11% * (3 / 2)

    • P% = 33 / 2

    • P% = 16.5%

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