Question : Dileep purchases 90 articles for Rs. 13,230 and sells them at a loss equal to the selling price of 8 articles. What will be the selling price of one article?
Option 1: Rs. 120
Option 2: Rs. 135
Option 3: Rs. 130
Option 4: Rs. 125
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Correct Answer: Rs. 135
Solution :
Cost price of 9 articles = Rs. 13,230
Cost price of 1 article = $\frac{13230}{9}$ = Rs. 1,470
Let the selling price of one article be Rs. $x$.
Selling price of 8 articles = Rs. $8x$
So, the selling price of 90 articles = Rs. $90x$
Loss $= 13230-90x$
According to the question,
Loss $= 8x$
$⇒ 13230-90x=8x$
$⇒ 98x = 13230$
$⇒ x = 135$
Hence, the correct answer is Rs. 135.
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