Math Problem Statement
A retailer buys two types of articles - A and B - in two lots from the wholesaler. The second lot has 50% more articles than the first lot. Number of articles of A in the first lot is equal to the
number of articles of B in the second lot. The cost prices of articles A and B are equal and he sells article B at a loss of 5%. If the overall profit is 10%, what is the profit percentage from
the sale of article A?
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Profit and Loss
Equations
Formulas
Total Cost Price (TCP) = (x + y)C + (x + 1.5y)C = (2x + 2.5y)C
Total Selling Price (TSP) for B = (y + 1.5y) × 0.95C = 2.375yC
Overall Profit Percentage = (TSP - TCP) / TCP × 100%
Theorems
Profit and Loss Theorem
Suitable Grade Level
Grades 10-12
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