the pens were purchased by stationery shop owner 100 pens for 350 he sold 8 of them at rupees 40 find the profit or loss
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Answer:
Profit of Rs. 1.5.
Explanation:
STEP 1 : TO FIND THE COST PRICE ( PRICE AT WHUCH SELLER BOUGHT THE PENS FROM SOMEONE ELSE )
100 PENS FOR RS. 350.
COST PER PEN
350 ÷ 100 = 3.5 RS.
STEP 2 : TO FIND THE SELLING PRICE.
8 PENS FOR RS. 40.
COST PER PEN
40 ÷ 8 = 5 RS.
STEP 3 : TO FIND THE PROFIT OR LOSS.
THE SELLING PRICE IS MORE THAN THE COST PRICE. HENCE, IT IS PROFIT TO THE SELLER.
PROFIT IN AMOUNT = SELLING PRICE - COST PRICE.
= 5 - 3.5 = 1.5 RS.
THEREFORE, PROFIT IS EQUAL TO 1.5 RS PER PEN.
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