Varun purchases 75 articles for Rs. 3150 and sells them at a profit equal to the costprice of 15 articles. What will be the selling price of one article?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 50.4.
| Understanding/Application |
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Cost price of 75 articles = Rs. 3150 and cost price of 15 articles = 3150/5 = Rs. 630 Let selling price of 75 articles = Rs. 75x |
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ATQ - 75x - 3150 = 630 75x = 630 + 3150 = 3780 x = 3780/85 x = 50.4 |