Question

Seventy-five unfinished articles of the same kind were bought for Rs. 1,275 and Rs. 3 per article was spent on their finishing. Find the profit per cent made if one-third of these articles were sold at Rs. 26 each and the remaining at RS. 22 each.

• A. $16\frac{2}{3}\%$
• B. $6\frac{2}{3}\%$
• C. $18\frac{2}{3}\%$
• D. $16\frac{1}{3}\%$

Answer 1

The correct option is A $16\frac{2}{3}\%$

Cost price of unfinished 75 articles =Rs 1275
Amt spend on furnishing 75 articles =$3\times 75$ =Rs 225
Cost price of well furnished 75 articles =1275+225=Rs 1500
Selling price of one-third of articles =$26\frac{1}{3}\times 75=Rs650$
Selling price of two-third of articles =$22\times 50$=1100
Selling price of all 75 articles = 1100+650=Rs 1750
Profit earned =1750-1500=Rs 250
% of profit =$\frac{250\times 100}{1500}=16\frac{2}{3}$%