What is the profit % on selling 60 pens? 1) Profit is equal to SP of 20 pens 2) CP of 1 pen is 2/3 of SP of 1 pen Mark your answer option as: a. Question can be answered by using any one of the 2 statements alone but not by the other alone b. Question can be answered by using either of the 2 statements alone c. Question can be answered by using the 2 statements together but not by either of the statements alone d. Question cannot be answered by using the given statements
Answers
Given : What is the profit % on selling 60 pens?
1) Profit is equal to SP of 20 pens
2) CP of 1 pen is 2/3 of SP of 1 pen
To Find :
a. Question can be answered by using any one of the 2 statements alone but not by the other alone
b. Question can be answered by using either of the 2 statements alone
c. Question can be answered by using the 2 statements together but not by either of the statements alone
d. Question cannot be answered by using the given statements
Solution:
profit % on selling 60 pens
profit on selling 60 pens is equal to SP of 20 pens
cost of 1 pen = C
Selling price of one pen = S
cost of 60 pens = 60C
Selling Price of 60 Pens = 60S
Profit 60S - 60C = 20S
=> 40S = 60C
=> 2S = 3C
=> S = 3C/2
=> Hence profit % = 50 %
CP of 1 pen is 2/3 of SP
=> SP = 3x
=> CP = (2/3)3x = 2x
Profit % = 100 * ( 3x - 2x)/2x = 50 %
. Question can be answered by using either of the 2 statements alone
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