5. The cost of a ball pen is 8. How many such pens can Sheela buy with 315?
Will she be left with any money? If yes, how much?
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Purchase price of each pen = 1 rupee/ 8 = .125 Rs.
Profit needed = 60% on initial investment
Total selling price (if all sold) must be 1.60 Rs.
If he sells 8 pens then their individual prices should be = .200 Rs
Total money he needs to make from sale = 1 Rs
Number of pens to sell at .200 each to make 1Rs ?
5 pen.
Quick / logical way to solve.
Number of pens sold : 8 for 1 Rs
Number of pens to sell at 1 Rs total to make 60 percent profit = 8/ 1.6 = 5.
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With Rs. 8 number of ball pens could be purchased = 1
Therefore, with Rs. 315 number of ball pens could be purchased = 315/8 = 39 pens
So, money left with her would be = Rs. 0.375
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