Anu 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
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Answer:-
Let the Original CP of one article be Rs. x.
Given:
Profit on selling at a certain price = 18%.
We know that,
SP = CP × (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)
And, Profit = 25%.
So,
⟹ 118x/100 + 10.50 = CP × (100 + Profit%)/100
⟹ (118x + 1050)/100 = x * (100 + 25)/100
⟹ 118x + 1050 = 125x
⟹ 1050 = 125x - 118x
⟹ 1050 = 7x
⟹ 1050/7 = x
⟹ Rs. 150 = x
∴
- Cost Price of 12 such articles = 12 × x = 12 × 150 = Rs. 1800
Answer:
Given :-
- Anu earns a profit of 18% by selling an article at a certain price. If she were to sell it for 10.50 more, she would have gained 25%.
To Find :-
- What is the original cost price of 12 such articles.
Formula Used :-
Selling Price Formula :
where,
- SP = Selling Price
- P = Profit
- CP = Cost Price
Solution :-
First, we have to find the selling price or SP of one such articles :
Let,
Cost Price of one such articles be y.
Given :
- Profit = 18%
According to the question by using the formula we get,
Again, we have to find the selling price of an articles :
She were to sell it for Rs 10.50 more.
Again,
Gained or profit = 25%
According to the question by using the formula we get,
By doing cross multiplication we get,
Now, we have to find the original cost of price of 12 such articles :
The original cost price of 12 such articles is Rs 1800.