Question

A trader buys 3750 articles at a cost of 6 per article. He fixes the selling price so that, if only 3000 articles are sold, he will make a profit of 40% on his total cost. calculate the selling price of one article

Answer 1

Answer:

the selling price one article is 10.5 rupees

Step-by-step explanation:

as-

total cost of articles => 3750 * 6 = 22500

profit obtained on whole CP is 40% means-

22500 * (40/100)

=9000

it means the profit is equal to 9000 rupees

now find the whole selling price of the sold articles-

9000+22500 = 31500

we got the selling price that is equal to 31500

now find the selling price of one article-

31500 / 3000=10.5