Question

A shopkeeper purchased a set of 400 pencils for 600. He sold each pencil for Rs 2. How much
does he earn in each pencil?

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Answer 1

Step-by-step explanation:

no. of pencils shopkeeper purchased=400

amount =600

amount for he sold each pencil =RS 2

amount he buys each pencil= 600/400

=3/2. =1.5

profit he earns from each pencil= 2-1.5= 0.5

Answer 2

Given:

A shopkeeper purchased a set of 400 pencils for Rs 600. He sold each pencil for Rs 2.

To Find:

The profit earned on each pencil is?

Solution:

1. Initially, the shopkeeper has purchased 400 pencils for Rs 600.

=> Cost of 400 pencils = Rs 600,

=> Cost of each pencil = 600/400,

=> Cost of each pencil = 6/4 = Rs 1.5.

2. The shopkeeper has sold each pencil at Rs 2.

=> Selling price of each pencil = Rs 2,

=> Selling price of 400 pencils = Rs 800.

3. The profit earned on each pencil is calculated as,

=> Profit earned on each pencil = (800-600)/400,

=> Profit earned on each pencil = 200/400 = 2/4 = Rs 0.5

Therefore, the profit earned on each pencil is Rs 0.50