Ankit Ankit 50 mm article at the rate of rupees 5 and sold 850 articles at the rate of rupees 7 each and rest of the article at the rate of rupees 3.50 each find the average profit for article sold
Answers
The average profit per article sold is Rs. 1.47.
Hi there,
There are some incorrect data in the question. I have rewritten the correct question for you and solved it accordingly. Hope this is helpful.
Q. Ankit purchased 1000 articles at the rate of rupees 5 each and sold 850 articles at the rate of rupees 7 each and rest of the article at the rate of rupees 3.50 each find the average profit per article sold?
Step-by-step explanation:
It is given that,
The cost price of 1000 articles = Rs. 5 each
S. P. of 850 articles = Rs. 7 each
S.P. of rest articles i.e., (1000 – 850 =) 150 articles = Rs. 3.50 each
So, the total S.P. of 1000 articles = [850*7] + [150*3.5] = 5950 + 525 = Rs. 6475
∴ The S.P. of each article will be = 6475/1000 = Rs. 6.47
Thus,
The average profit per article sold is,
= [S.P. per article] – [C.P. per article]
= Rs. 6.47 – Rs. 5
= Rs. 1.47
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