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Akshay has 30 articles, each having the same cost price. He marked the price of each article at 30% above its cost price. He
sold 15 of the articles at a discount of 20% each, and the remaining 15 articles at a discount of 10% each, thereby gaining a
total profit of Rs630. What was the cost price of each article?
Rs240
Rs180
Rs280
Rs200
- Akshay has 30 articles, each with the same cost price.
- He marks each article 30% above its cost price.
- Sold 15 articles at a 20% discount, and 15 articles at a 10% discount.
- His total profit is Rs 630.
Let's calculate:
1. Let the cost price of each article be Rs x.
2. Marked price of each article = 130% of x = 1.3x.
15 articles, 20% discount:
- Selling price = 80% of 1.3x = 1.04x per article.
- Total selling price for these 15 = 15 × 1.04x = 15.6x.
15 articles, 10% discount:
- Selling price = 90% of 1.3x = 1.17x per article.
- Total selling price for these 15 = 15 × 1.17x = 17.55x.
Total selling price = 15.6x + 17.55x = 33.15x.
Total cost price = 30x.
Profit = Selling price - Cost price = 33.15x - 30x = 3.15x = Rs 630.
Solving for x:
- 3.15x = 630
- x = 630 / 3.15 = 200
- Cost price per article = Rs 200.
- Answer: Option 4 - Rs 200
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