Profit Loss

Step 1: Understanding the problem.
Let the cost price of each article be

C

. The total cost price of 76 articles is

76C

. The total profit is given as Rs 6570. We need to find the value of

C

.
Step 2: Calculating the profit from each group of articles.
- Profit from 20 articles sold at 15% profit:

20%20%5Ctimes%20C%20%5Ctimes%200.15

- Profit from 40 articles sold at 19% profit:

40%20%5Ctimes%20C%20%5Ctimes%200.19

- Profit from 16 articles sold at 25% profit:

16%20%5Ctimes%20C%20%5Ctimes%200.25

Now, the total profit is the sum of the profits from all three groups, which is given as Rs 6570. After solving, we find that

C%20%3D%20420

.
Step 3: Conclusion.
The correct answer is (C) Rs 420, as this is the cost price of each article.

Chapter Questions
1 MCQs