A person bought cloth at per and sold of it at a gain of . At what gain percent did he sell the remaining cloth, if he gained on his total outlay?
- A26%
- B22%
- C28%
- D24%
Solution & Step-by-step Explanation
Let's solve this using the weighted average method. The cost price per meter is constant, so we can work directly with the quantities/proportions of cloth:Part 1 ( of cloth) = of totalPart 2 (Remaining of cloth) = of totalThe ratio of the weights is .Let the gain percentage on the remaining part be .Gain on first part = Overall gain = Using the formula for weighted average: