Question

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​

Answer 1

The average profit per article sold is Rs. 1.47.

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 = $\frac{6475}{1000}$ = 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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Answer 2

Answer: Rs 1.47

Step-by-step explanation:

C.P. = 5*1000= Rs 5000

Total Profit = {850(7) + 150(3.5)} - 5000

=1470

Profit per article = 1470/1000

= Rs 1.47