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Question 56
Arunika brought some articles and sold half of them at Rs. 22103 thereby making a profit of 15%/ At what price should sell the rest of them so as to earn an overall profit of 25%?
Solution
Let the cost price be CP.
Profit = .15CP
Profit = Selling Price - CP
1.15 CP = 22,103
CP of first half = 19,220
Cost Price of all articles = 19220+19220 = Rs.38440
Overall profit = 25%
Total Selling Price = 125% of 38440 = Rs.48050.
Selling Price of second half of articles = Rs.48050 - 22103 = Rs.25947.
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