12. 500 rubber balloons were purchased at 70 a hundred. 100 of the balloons burst in the process
of inflating them. At what price should each of the remaining balloons be sold to earn a profit
of 50 on the whole?
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Answer:
No. of balloons=500.
Balloons burst=100.
Balloons left=400.
cost of 100 balloons=70.
cost of 500 balloons=70×5
=Rs.350.
Profit=rs.50.
S.P=C.P+ Profit
=Rs.350+Rs.50
S.P=Rs.400.
S.P for 1 balloon=400/400
=Rs.1.Ans.
So, each balloon should be sold at Rs.1 to earn a profit of Rs.50.
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