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 a 20% profit in the entire transaction?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 19.50.
CP = 90 × 12.5 = 1125
Articles sold = 60% of 90 = 54 × 15 = ₹810
Remaining = 36 articles
⇒ 50% of 36 = 18 × 10.5 = ₹189
Still remaining = 18 articles
Required total SP for 20% profit = 1125 × 1.2 = ₹1350
Already earned = 810 + 189 = ₹999
Remaining = 1350 – 999 = ₹351
Price per remaining article = = ₹19.50