Vinod has few pencils. If he sells each pencil at Rs 2.25, he earns Rs. 110
profit. If he sells each pencil at Rs. 1.75, he faces loss of Rs. 55. How many
pencils Vinod has?
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Answer:
220
Step-by-step explanation:
The number of pencils had by Vinod is 220.
Solution:
Let number of pencils Vinod have be 'x'.
Let the cost price of x pencils be cp.
It is given that Vinod makes a profit of Rs.110 if he sells at a price of Rs. 2.5 per pencil,
2.5x - cp = 110
It is given that he incurs a loss of Rs.55 if he sells the same number of pencils for Rs. 1.75 per pencil,
also, 1.75x - cp = -55
Solving both, we get p = 220
Hence the number of pencils had by Vinod is 220.
Hope it helps......
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