Question

pen where purchased buy a stationary shop owner at 100 pens for rupees 350. he sold them at 8 for rupees 40. find the profit made on each pen.

Answer 1

During time of purchase
cost of 100 pens = ₹ 350
cost of 1 pen = 350/100
cost of 1 pen = ₹3.5
During time of sale
cost of 8 pens = ₹40
cost of 1 pen = 40/8
cost of 1 pen = ₹5
cost of 100 pens = 100×500
cost of 100 pens = ₹500
Profit = sale price - purchase price
=500-350
= ₹150
profit made on each pen = 5 - 3.5
= ₹1.5