Question
On selling 80 articles for Rs. 6000 there is a loss
equal to the cost price of 20 articles. Find the selling price of 40 articles if the shopkeeper wants to earn a profit of 18%.Solution
ATQ Loss on selling 80 articles = Cost price of 80 articles – selling price of 80 articles. Or, Cost price of 20 articles = Cost price of 80 articles – selling price of 80 articles Or, Selling price of 80 articles = Cost price of 60 articles Cost price of each article = 6000/60 = Rs. 100 Cost price of 40 articles = 40 × 100 = Rs. 4000 Selling price of 40 articles = 1.18 × 4000 = Rs. 4720
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