A stationer bought 80 gel pens at RS 30 each. 20 gel pens were stolen and he sold the remaining pens at RS 5% loss. find the selling price of each gel pen.
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CP of each gel pen=₹30
no of gel pens he bought =30
no of gel pens were stolen =20
no of gel pens were left =10
CP of 10 gel pens =₹300
L%=5%
SP of 10 gel pens=[(100-L%)/100] ×CP=[(100-5)/100]×300
=95/100 ×300 =95×3=₹285
SP of each pen=₹28.5
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