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?
- A19
- B18
- C19.5
- D18.6
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.
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.