If an item is sold at a 25% profit, the selling price as a percentage of the cost price mus be (100%, 75%, 25%, 125%) 2 The pens bought at 18 each were sold at a 2 profit of 12%. What is the selling price of the pens?
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Let the Cost Price of the pen bought by “A”be = P
The Sale Price of the pen by A to B= P x 1.20
Again the Sale Price of the pen by B to C = P x1.2 x 1.25 = 75
Therefore the Cost Price of the Pen by A = 75÷(1.2 x 1.25)
= Rs 50
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Check:
Cost Price by A= Rs 50
Sale Price of A to B= 50 x 1.20 = Rs 60
Sale Price of B toC=Rs60x1.25 = Rs 75
OKAY
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