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An article is bought for Rs 560. Some of the part is sold at 20% profit and remaining at 15% loss giving a total of 10% profit. Find the cost price of part sold at 20% profit.
  • a)
    Rs 350
  • b)
    Rs 385
  • c)
    Rs 400
  • d)
    Rs 430
  • e)
    Rs 225
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
An article is bought for Rs 560. Some of the part is sold at 20% profi...
C) Rs 400 Explanation: 20                         -15
.                10
10-(-15)                 20-10
25 : 10
5 : 2
So at 20% profit = 5/(5+2) * 560
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Most Upvoted Answer
An article is bought for Rs 560. Some of the part is sold at 20% profi...
Solution:

Let's assume that the cost price of the part sold at 20% profit is x.

According to the question,

The part sold at 20% profit = x

The part sold at 15% loss = 560 - x

Now, as per the question, the total profit earned is 10%.

So, the selling price of the part sold at 20% profit = x + 0.2x = 1.2x

The selling price of the part sold at 15% loss = (560 - x) - 0.15(560 - x) = 476.5 - 0.85x

The total selling price = (1.2x) + (476.5 - 0.85x) = 1.15x + 476.5

As per the question, the total profit earned is 10%.

So, (Total Selling Price) - (Total Cost Price) = 10% of Total Cost Price

Or, (1.15x + 476.5) - 560 = 0.1(560)

Or, 1.15x - 83.5 = 56

Or, 1.15x = 139.5

Or, x = 121

Therefore, the cost price of the part sold at 20% profit is Rs 121.

Hence, the correct answer is option C (Rs 400).
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Community Answer
An article is bought for Rs 560. Some of the part is sold at 20% profi...
C) Rs 400 Explanation: 20                         -15
.                10
10-(-15)                 20-10
25 : 10
5 : 2
So at 20% profit = 5/(5+2) * 560
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An article is bought for Rs 560. Some of the part is sold at 20% profit and remaining at 15% loss giving a total of 10% profit. Find the cost price of part sold at 20% profit.a)Rs 350b)Rs 385c)Rs 400d)Rs 430e)Rs 225Correct answer is option 'C'. Can you explain this answer?
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An article is bought for Rs 560. Some of the part is sold at 20% profit and remaining at 15% loss giving a total of 10% profit. Find the cost price of part sold at 20% profit.a)Rs 350b)Rs 385c)Rs 400d)Rs 430e)Rs 225Correct answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about An article is bought for Rs 560. Some of the part is sold at 20% profit and remaining at 15% loss giving a total of 10% profit. Find the cost price of part sold at 20% profit.a)Rs 350b)Rs 385c)Rs 400d)Rs 430e)Rs 225Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An article is bought for Rs 560. Some of the part is sold at 20% profit and remaining at 15% loss giving a total of 10% profit. Find the cost price of part sold at 20% profit.a)Rs 350b)Rs 385c)Rs 400d)Rs 430e)Rs 225Correct answer is option 'C'. Can you explain this answer?.
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