A shopkeeper sells 100 pens for Rs 2500. If he makes a profit of 25%, find the cp of a pen.
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Let us assume that cost price(CP) of one pen be Rs1. So cost price of 25 pen will be Rs 25. According to question 20 pen will be sold at a price equal to cost price of 25 pen...
Therefore SP of 20 pen = Rs 25...
SP of 1 pen =(25/20)...
profit =( SP of 1 pen—CP of 1pen) divide by CP(1pen)...
%profit =profit*100...
Apply this we will get 25%...
This is ur ans...
Hope its helpful to u...
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Working out:
In the above question, our total selling price of 100 pens is Rs. 2500. Also, the shopkeeper is making a profit of 25% and then we have to find the CP of each pen.
Before we start solving,
- SP = CP + Profit
- SP = CP + Profit % of CP
Let,
- The total cost price of the pens be x
By using formula,
⇛ CP + Profit% of CP = SP
Plug in the values,
⇛ x + 25% of x = Rs. 2500
⇛ x + 25x / 100 = Rs. 2500
⇛ 100x + 25x / 100 = Rs. 2500
⇛ 125x / 100 = Rs. 2500
⇛ x = Rs. 2500 × 100 / 125
⇛ x = Rs. 2000
So, here we got the total cost price of all the 100 pens, and we have to find the CP of each pen:
⇛ CP of 100 pens = Rs. 2000
⇛ CP of 1 pen = Rs. 2000 / 100
⇛ CP of 1 pen = Rs. 20
Hence, our required CP of each pen:
And we are done !!
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