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Suraj bought 90 articles at ₹12.50 per article. He sold 60% of them at ₹15 per article and 50% of the remaining at ₹10.50 per article. At what price (in ₹) per article should he sell the remaining articles to get 20% profit in the entire transaction?

  1. A
    19
  2. B
    18
  3. C
    19.5
  4. D
    18.6

Solution & Step-by-step Explanation

Total number of articles = 90
Cost Price (CP) per article = ₹12.50
Total CP=90×12.50=₹1125

To get a 20% profit on the entire transaction, the required total Selling Price (SP) is:

Total SP=1125×1.20=₹1350
Let's break down the sales:

60% of the articles:

Number of articles=60% of 90=54
SP
1

=54×15=₹810
Remaining articles after the first sale =90−54=36
50% of the remaining articles:

Number of articles=50% of 36=18
SP
2

=18×10.50=₹189
Articles left for the final sale =36−18=18

Let the required selling price per article for the remaining articles be x.

Total SP=SP
1

+SP
2

+(18×x)
1350=810+189+18x
1350=999+18x
18x=1350−999
18x=351
x=
18
351

=19.5
Thus, he should sell the remaining articles at ₹19.5 per article.

Practice this question

Try it yourself before checking the explanation above.

Suraj bought 90 articles at ₹12.50 per article. He sold 60% of them at ₹15 per article and 50% of the remaining at ₹10.50 per article. At what price (in ₹) per article should he sell the remaining articles to get 20% profit in the entire transaction?
A
19
B
18
C
19.5
D
18.6

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