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Select the correct answer 13 of the total of an article is sold at a profit of 15%, 14 is at a profit of 20% and the remained part is at a profit of 24%. If the total profit is Rs.6,240 find the cost price of the article?OptionsRs.31000Rs.35000Rs.32000Rs.

Question

Select the correct answer 13 of the total of an article is sold at a profit of 15%, 14 is at a profit of 20% and the remained part is at a profit of 24%. If the total profit is Rs.6,240 find the cost price of the article?OptionsRs.31000Rs.35000Rs.32000Rs.

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Solution

The problem can be solved by setting up an equation based on the information given.

Let's denote the cost price of the article as X.

According to the problem, 1/3 of the article is sold at a profit of 15%, 1/4 is sold at a profit of 20%, and the remaining part is sold at a profit of 24%. The total profit is Rs.6,240.

So, we can set up the following equation:

(1/3)X0.15 + (1/4)X0.20 + (1 - 1/3 - 1/4)X0.24 = 6240

Solving this equation will give us the cost price of the article.

Let's simplify the equation:

0.05X + 0.05X + 0.42X = 6240

0.52X = 6240

Now, divide both sides of the equation by 0.52 to solve for X:

X = 6240 / 0.52

X = Rs.12000

However, this option is not available in the given options. There might be a mistake in the problem or the options provided.

This problem has been solved

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