Pens were purchased by a stationery owner at 100 pens for rs 350. he sold them at for rs 40.find the profit made on each pen.
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cost of 100 pens=350
cost of 1 pens=350/100=3.5
when all pens sold at rs.40 then there is loss not profit
Loss=350-40=310
L%=310/350×100=31/7×20=620/7=88.55%
cost of 1 pens=350/100=3.5
when all pens sold at rs.40 then there is loss not profit
Loss=350-40=310
L%=310/350×100=31/7×20=620/7=88.55%
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