Question

Mr. Joseph makes 1800 articles at a cost of 40

Q: Mr. Joseph makes 1800 articles at a cost of 40 paise/article. He fixed the selling price such that i

CPof1800articles1800times40100Rs720SPof1000articles720720times50100Rs1080SPof1article108010002725SPof1300articles2725times1300Rs1404Profit1404ndash720Rs684Profit684720times10095

paise/article. He fixed the selling price such that if only 1000 articles are sold, he would have made profit of 50% on the outlay. However, 500 articles get spoilt and he was able to sell 1300 articles at this price. Find his actual profit percent as the percentage of total outlay assuming that the unsold articles are useless?

A 85%

B 95%

C 75%

D 90%

E None of these

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