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A Certain Number of Articles Are Bought at Rs. 450 per Dozen and All of Them Are Sold at a Profit of 20%. Find the S.P. Of: (I) One Article (Ii)Seven Articles. - Mathematics

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Question

A certain number of articles are bought at Rs. 450 per dozen and all of them are sold at a profit of 20%. Find the S.P. of:
(i) one article
(ii)seven articles.

Sum

Solution

C.P. of 1 dozen articles = Rs. 450

Profit = 20%

∴ S.P. = `("C.P." xx (100 + "Profit"))/100`

= Rs. `(450 xx (100 + 20))/100`

= Rs. `(450 xx 120)/100` = Rs. 540

(i) ∴ S.P. of 1 article = Rs. `540/12` = Rs. 45

(ii) S.P. of 7 articles = Rs. 45 × 7 = Rs. 315

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Concept for Application to Profit and Loss (Single Transaction Only)
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Chapter 9: Profit, Loss and Discount - Exercise 9 (C)

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Selina Concise Mathematics [English] Class 7 ICSE
Chapter 9 Profit, Loss and Discount
Exercise 9 (C) | Q 14
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