Question

a shopkeeper bought packet of 12 candles for Rs 200. how many candles should he sell for 70 to get a profit of 40 %​

Answer 1

Answer:

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Answer 2

Answer:

A shopkeeper bought a packet of 12 candles for Rs 200. How many candles should he sell for Rs 70 to get a profit of 40%?

The shopkeeper will need to sell 3 candles for Rs 70 to get a profit of 40%. See calculations below:

Calculate the cost price of 1 candle, which equals Rs 16.67 (Rs 200 ÷ 12)

Calculate the cost of the expected sale by determining the cost included in the expected sale, while excluding profit margin of 40%. The answer is Rs 50 ((100/140) × Rs 70)

Calculate the number of candles that could be sold for Rs 70 to get a profit of 40%: by dividing the expected cost by the cost price per candle derived above. This equals 3 candles (Rs 50 ÷ Rs 16.67)

The answer is 3 candles will need to be sold for Rs 70 to get a profit

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