If the profit made by selling a pen for rs.30/- is half its cost, what is the cost of the pen?
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Too easy> the price you pay is RS.10 and that is two times the wholesale price in order for a seller to make 100% profit, therefore, the sellers buying cost at wholesale is RS.05. RS.05 cost + RS.05 profit = RS.10 selling price to you the customer.
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