Mukesh sells 80% part of a commodity at a profit of 20% and rest of the part at a loss of 5% and in this way earns a profit of ₹9,300. What was the cost price of the commodity for Mukesh?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹62,000.
Let CP = 100
SP of 80% part = 80 × 1.20 = 96
SP of 20% part = 20 × 0.95 = 19
Total SP = 96 + 19 = 115
Profit = 115 - 100 = 15
CP = (9300 × 100)/15 = 62000