Question

if he sold pens for rs 18,70,000 what is the profit made by mr patel.?

Answer 1

Answer:

Given:

Cost price of 6 pens = Rs. 20

The selling price of 4 pens = Rs. 18

FormulaUsed:

Cost price = Selling price - Profit

Profit% = (Profit/Cost price) × 100

Calculation:

Cost price of 6 pens = Rs. 20

⇒ Cost price of 1 pen = 20/6 = 10/3

The selling price of 4 pens = Rs. 18

⇒ The selling price of 1 pen = 18/4 = 9/2

⇒ Profit = 9/2 - 10/3 = 7/6

Profit% = (Profit/Cost price) × 100

⇒ Profit% =

∴ Profit% = 35%