Pawan purchases 70 articles for ₹16,875 and sells them at a loss equal to the selling price of 5 articles. What will be the selling price of one article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹225.
Let the selling price of each article be x.
According to the given question,
5x = 16875 - 70x
⇒ 75x = 16875
⇒ x = 225