Multiple choice

A person bought some articles and sold 80% of them at the price he paid for total articles. He sold the remaining articles at 10% profit. If the total profit is 1386 Rs. then find the cost price of the all articles.

  1. a)6300

  2. b)6100

  3. c)5700

  4. d)6500

  5. e)None of these
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A Correct answer
AI explanation

Let the total cost price of all articles be 100 units. He sells 80% of them at the total cost price of 100 units, and sells the remaining 20% at a 10% profit on their individual cost, earning 22 units for them. The total selling price becomes 122 units, resulting in a total profit of 22 units. Since the actual profit is 1386 Rs, 100 units equals 1386 multiplied by 100 and divided by 22, which is 6300 Rs.

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