stock- 75000
mrs. rita choudhary took over 50 percent of stock at 20 percent discount.
balance of the stock was sold off at a profit of 30 percent on cost.
i want to know the about for both the above adjustments.
total stock = 75,000
50% stock = 1/2 x 75,000 = 37,500
discount on 37,500 (1st half ) = 20% of 37,500 = 20/100 x37,500 = 7500
stock amount = 37,500 - 7500 = 30,000
other half sold at 30%profit ---
2nd half of stock = 37,500
Profit 30% = 30/100x 37500 = 11,250
selling price of stock = 37,500 +11,250 = 48,750