Question

a) A shop keeper buys Rs 50 per reem. At what price per quire should he sell to gain 20%. Where 1 reem= 20 quires

Answer 1

Answer:

3 rs / quires

Step-by-step explanation:

1 reem = 20 quires

1 reem = rs 50

1 quires = $\frac{50}{20}=2.5$

$SP= \frac{100+gainpercent}{100} *CP$

CP = 2.5

$SP = \frac{100*20}{100} *2.5\\\\SP = \frac{120}{100} *2.5\\SP = 3$