Question

A shopkeeper earns a profit of 1 by selling one pen and incurs a loss of 40 paise per pencil
while selling pencils of his old stock. If he sells 70 pens and there is neither profit nor loss,
find the number of pencils he sold.
Give explanation according to class 7​

Answer 1

Step-by-step explanation:

Right Answer is:

=(–5000)÷(–40)=125 pencils. (ii) In the next month, there is neither profit nor loss. i.e., Profit earned = – Loss incurred. Hence, the loss incurred by selling pencils = Rs 70 which we indicate by (– Rs 70) or (– 7,000 paise).

Answer 2

Answer:

Right Answer is:

=(–5000)÷(–40)=125 pencils. (ii) In the next month, there is neither profit nor loss. i.e., Profit earned = – Loss incurred. Hence, the loss incurred by selling pencils = Rs 70 which we indicate by (– Rs 70) or (– 7,000 paise).