Ramesh purchases 75 articles for Rs. 10800 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: B
Explanation
The correct answer is option 2 i.e. Rs. 135.
| Understanding/Application |
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Cost price of 75 articles = Rs. 10800 Loss = 5 × Selling price of 1 article Loss = Cost Price - Selling Price Let the S.P. of 1 article be x. |
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ATQ - 5x = 10800 - 75x 80x = 10800 x = 135 |