After selling 5 pens a shopkeeper purchases 2 pens with the profit obtained after selling 5 pens. If he earns 20
Rs. on selling a pen then find S.P. of a pen.
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Answer:
SP= Rs. 70
Step-by-step explanation:
let the buying price of each pen be denoted as
and the selling price as
Then, the profit made after selling one pen is
If the profit earned after selling 5 pen is used to purchase 2 pens, then
If the profit of one pen is Rs 20, then
solving for x and y in these equations;
y=x+20
subtituting this in eqn (1)
then
Therefore SP= Rs. 70
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