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The cost price of each of the articles A...

The cost price of each of the articles A and B is Rs 'x'. Article A was sold at a profit of 10% and article B was sold at a profit of 30%. If the overall profit earned after selling both the articles is rs 136, what is the value of 'x'?

A

Rs 325

B

Rs300

C

Rs360

D

Rs380

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the cost price 'x' of articles A and B based on the given profit percentages and overall profit. ### Step-by-Step Solution: 1. **Understand the Problem**: - The cost price of both articles A and B is Rs 'x'. - Article A is sold at a profit of 10%. - Article B is sold at a profit of 30%. - The total profit from selling both articles is Rs 136. 2. **Calculate the Selling Price of Each Article**: - For Article A: - Profit = 10% of x = (10/100) * x = 0.1x - Selling Price of A = Cost Price + Profit = x + 0.1x = 1.1x - For Article B: - Profit = 30% of x = (30/100) * x = 0.3x - Selling Price of B = Cost Price + Profit = x + 0.3x = 1.3x 3. **Calculate the Total Selling Price**: - Total Selling Price = Selling Price of A + Selling Price of B - Total Selling Price = 1.1x + 1.3x = 2.4x 4. **Calculate the Total Cost Price**: - Total Cost Price = Cost Price of A + Cost Price of B - Total Cost Price = x + x = 2x 5. **Calculate the Total Profit**: - Total Profit = Total Selling Price - Total Cost Price - Total Profit = 2.4x - 2x = 0.4x 6. **Set Up the Equation**: - We know from the problem that the total profit is Rs 136. - Therefore, we can set up the equation: \[ 0.4x = 136 \] 7. **Solve for x**: - To find x, divide both sides by 0.4: \[ x = \frac{136}{0.4} \] - Calculate the right-hand side: \[ x = 136 \div 0.4 = 340 \] 8. **Conclusion**: - The value of 'x' is Rs 340. ### Final Answer: The cost price of each article A and B is Rs 340.
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