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A shopkeeper bought 200 arti cles, each ...

A shopkeeper bought 200 arti cles, each costing the same. He sold 30% of the articles at 20% profit and remaining at 10% prof it. If the total profit made by him is 2600, find the cost price of one article.

A

200

B

1300

C

2600

D

100

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break down the information given and find the cost price of one article. ### Step 1: Understand the total number of articles and their cost price - The shopkeeper bought **200 articles**. - Let the cost price of one article be **CP**. ### Step 2: Calculate the total cost price - The total cost price (CP) for 200 articles is: \[ \text{Total Cost Price} = 200 \times CP \] ### Step 3: Determine the number of articles sold at different profit percentages - The shopkeeper sold **30% of the articles** at **20% profit**. - Number of articles sold at 20% profit: \[ \text{Articles sold at 20% profit} = 30\% \text{ of } 200 = 0.3 \times 200 = 60 \text{ articles} \] - The remaining articles sold at **10% profit**: \[ \text{Remaining articles} = 200 - 60 = 140 \text{ articles} \] ### Step 4: Calculate the selling price for the articles sold at 20% profit - Selling price (SP) for 60 articles sold at 20% profit: \[ \text{SP} = \text{CP} \times (1 + \text{Profit Percentage}) = \text{CP} \times (1 + 0.2) = \text{CP} \times 1.2 \] - Total SP for 60 articles: \[ \text{Total SP for 60 articles} = 60 \times CP \times 1.2 = 72 \times CP \] ### Step 5: Calculate the selling price for the articles sold at 10% profit - Selling price for 140 articles sold at 10% profit: \[ \text{SP} = \text{CP} \times (1 + \text{Profit Percentage}) = \text{CP} \times (1 + 0.1) = \text{CP} \times 1.1 \] - Total SP for 140 articles: \[ \text{Total SP for 140 articles} = 140 \times CP \times 1.1 = 154 \times CP \] ### Step 6: Calculate the total selling price - Total selling price (SP) for all articles: \[ \text{Total SP} = \text{Total SP for 60 articles} + \text{Total SP for 140 articles} = 72 \times CP + 154 \times CP = 226 \times CP \] ### Step 7: Calculate the total profit - Total profit is given as **2600**. - Profit can also be calculated as: \[ \text{Profit} = \text{Total SP} - \text{Total CP} \] - Therefore: \[ 2600 = (226 \times CP) - (200 \times CP) \] \[ 2600 = 26 \times CP \] ### Step 8: Solve for the cost price of one article - Rearranging the equation gives: \[ CP = \frac{2600}{26} = 100 \] ### Conclusion The cost price of one article is **100**. ---
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