a person buy 20 pen and 16 pencil in ta 360, if he sells pen in 25% profit and pencil 40% profit he gets rs 120 profit on both, find the cost price each pencil
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Rs 12.5
Step-by-step explanation:
Let Cost Price of pen be x and Cost Price of pencil be y.
So, 20x + 16y =360
Dividing by 4
= 5x + 4y = 90 A
Profit on 1 pen 0.25x
Profit on 1 pencil 0.40y
So, 20*0.25x + 16*0.4y = 120
= 5x + 6.4y =120 B
Solving equations A and B,
2.4y = 30
y = 12.5
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