Question

A stationer bought 750 pens, out of which 48 were damaged on the way. If he sold the remaining pens at Rs. 12.50 each and made profit of Rs. 2400 in this transaction, how much he paid for each pen?

Answer 1

Answer:

No. of pens bought = 750.

No. of pens damaged = 48.

Remaining pens = 750-48 = 702.

Selling price of each remaining pen = Rs 12.50.

So, selling price of 702 pens = Rs 12.50 × 702 = Rs 8,775.

Profit gained = Rs 2400.

Cost price = Selling price - Profit = Rs (8,775-2400) = 6,375.

This is the cost price of 750 pens..

So, cost price of each pen = 6,375÷750 = Rs 8.5.

So, he paid Rs 8.5 for each pen..

Hope it helps! :)