SOLUTION: A shopkeeper buys 300 identical articles at a total cost of Rs. 1500. He fixes the selling price of each article at 20% above the cost price and sells remaining articles, he sells
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Question 885565: A shopkeeper buys 300 identical articles at a total cost of Rs. 1500. He fixes the selling price of each article at 20% above the cost price and sells remaining articles, he sells them at 50% of the selling price. Calculate the shopkeeper's total profit.
Answer by josgarithmetic(39620) (Show Source): You can put this solution on YOUR website!
I was ready to start helping with this , but part of the description does not make sense: "He fixes the selling price of each article at 20% above the cost price", and "sells remaining articles, he sells them at 50% of the selling price."
What remaining articles? No clue given for 50% of the selling price.
TRYING TO MAKE SENSE:
300 articles, spending 1500 Rs. total,
Rs/item, the rate spend, cost per item.
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Fix Selling Price, , so the Fixed Selling Price is 6 Rs/item.
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Sell Them (which?) at of the selling price, so this "sell them" is Rs/item.
That means the selling price IS NOT FIXED.
If the selling price is fixed, then EITHER it is 6 Rs/item OR 3 Rs/item; NOT BOTH.
TOTAL PROFIT?
Revenue minus Cost.
The problem description must be wrong.
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