Alice earns a profit or 18% by selling an article at a certain price. If she were to sell it for 10.50 more, she would have gained 25%. The original cost price of 12 such articles is. ★Dont spam ★
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Given,
Profit on selling at a certain price = 18%.
We know that,
SP = CP X (100 + Profit %)/100
So,
SP of one article = x * (100 + 18)/100
→ SP of one article = Rs. 118x/100
Also given that,
If it is sold for Rs. 10.50 more, she would have gained 25%.
Now,
The SP of the Article = Rs. (118x/100 + 10.50)
The SP of the Article = Rs. (118x/100 + 10.50)And, Profit = 25%.
The SP of the Article = Rs. (118x/100 + 10.50)And, Profit = 25%.So,
- 118x/100 +10.50 = CP x (100 + Profit %)/100
- (118x + 1050)/100 = x * (100 + 25)/100
- 118x + 1050 = 125x
- 1050 125x - 118x
- 1050 = 7x
- 1050/7 = x
- Rs. 150 = x
Hence, Cost Price of 12 such articles = 12 x x = 12 x 150= Rs. 1800
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