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Ram makes 750 articles at the cost of 60...

Ram makes 750 articles at the cost of 60 paise per article. He fixed the selling price such that if only 600 articles are sold he would have made profit of 40% on the outlay. However, 120 articles got spoiled and he was able to sell 630 articles at this price. Find his actual profit per cent.

A

0.42

B

0.45

C

0.47

D

0.47

Text Solution

Verified by Experts

The correct Answer is:
C
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A manufacturer makes 800 articles at a cost of Rs. 1.50 per article. The fixes the selling price such that if only 600 articles are sold, he would make a profit of 30% on his outlay. However, he sold 620 articles at this price. Find his actual profit percent of the total outlay, assuming that he unsold articles are useless.

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