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Sam bought two different articles- A and B at a total cost of Rs. 5000. He sold article A at a loss of 25% and article B at a profit of 6%. Sam incurred an overall loss of Rs. 165 by selling both the articles. What is the cost price of article A?
Rs. 1200
Rs. 2000
Rs. 1250
Rs. 1800
Rs. 1500
- Sam bought two different articles A and B for Rs. 5000 in total.
- Article A was sold at a 25% loss. This means he sold it for 75% of its cost price.
- Article B was sold at a 6% profit, meaning he sold it for 106% of its cost price.
- The total loss incurred by Sam was Rs. 165.
Let's set:
- Cost price of article A = x
- Cost price of article B = 5000 - x
Solve the equations for overall loss:
1. Loss from A = 0.25x
2. Profit from B = 0.06(5000 - x)
Overall Loss = 0.25x - 0.06(5000 - x) = 165
Solve for x:
0.25x - 300 + 0.06x = 165
0.31x = 465
x = 1500
- Hence, the cost price of article A is Rs. 1500.
Rs. 1500 is the correct answer.
By: Parvesh Mehta ProfileResourcesReport error
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