Question

a store owner purchased a ream of paper for rs.50and sold it in retail at rs.5.50 per quire how moch profit or loss did he make ?​

Answer 1

Answer:

1 ream = 20 quires .

Cost price= Rs 50 .

FINDING COST PRICE OF PER QUIRE -

20 quires = Rs 50

1 quire = 50/20 = 2.5

Cost Price of per Quire = Rs 2.5

FINDING GAIN -

Given : Gain = 20 % .

Gain percentage on cost price  

2.5 x 20/100 = 0.5  

Gain = 0.5

FINDING SELLING PRICE -

Selling Price = Cost Price + Gain

Selling Price = 2.5 + 0.5 = 3 .  

Hence :

SELLING PRICE OF PER QUIRE = Rs 3.