25 pens were bought for RS 300 and sold at 25% profit. The selling price of a pen is
(1)RS 15
(2)RS 375
(3)RS 315
(4) RS 20
Answers
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SP = PROFIT +CP
SP = 300*0.25 + 300 = 375
Selling price of one pen will be = 375/25 = 15
ans is option 1) Rs 15
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