if the price of pen is reduced by 25% a person can buy 2 more pens for a rupee. how many pens are available for one rupee
Answers
Answer:
Price(P) x Q(Quantity) = E(Expenditure)
If E is constant, a reduction of 25% or 1/4th in P will result in increase of 1/(4-1) or 1/3rd in Q.
This is a rule.
=> 1/3Q = 2
=> Q = 6
Justification :
Let unit price = Rs 100 & Quantity purchased = 30 pieces
Expenditure = 100 x 30 = 3000
If price reduce by 25% or 1/4th, new unit price = Rs 75
If expenditure remains constant at Rs 3000, revised quantity = 3000/75 = 40
Thus, there is an increase of 40 - 30 = 10 units or 1/3rd increase in quantity.
Given:
Price of pen is reduced by 25%,a person can buy 2 more pens for a rupee.
To find:
How many pens are available for 1 rupee
Solution:
From the given information, we have the data as follows.
Price of pen is reduced by 25%,a person can buy 2 more pens for a rupee.
Let the total number of pens be "n".
As, the price of the pen is reduced by 25%, so, the current price of the pens is,
Reduced price = 75/100 × 1 = 3/4
For 3/4 rupees, we get "n" pens.
For 1 rupee, we get (n × 4/3) pens.
Therefore, we have,
4n/3 = n + 2
4n = 3n + 6
n = 6
Therefore, the total number of pens that can be bought for 1 rupee are,
= 6 + 2
= 8
Therefore, 8 pens are available for 1 rupee.