Step 1: Find out the cost price of each hair clip. The wholesaler purchased 7 hair clips for a rupee, so the cost price of each hair clip is 1/7 = 0.14 rupees.

Step 2: Calculate the profit per hair clip. The wholesaler wants to make a profit of 40%. So, the profit per hair clip is 40% of 0.14 rupees = 0.14 * 40/100 = 0.056 rupees.

Step 3: Find out the selling price of each hair clip. The selling price is the cost price plus the profit. So, the selling price of each hair clip is 0.14 rupees + 0.056 rupees = 0.196 rupees.

Step 4: Calculate how many hair clips the wholesaler must sell for a rupee to get a profit of 40%. Since the selling price of each hair clip is 0.196 rupees, the wholesaler must sell 1/0.196 = approximately 5 hair clips for a rupee to get a profit of 40%.

Question

Step 1: Find out the cost price of each hair clip. The wholesaler purchased 7 hair clips for a rupee, so the cost price of each hair clip is 1/7 = 0.14 rupees.

Step 2: Calculate the profit per hair clip. The wholesaler wants to make a profit of 40%. So, the profit per hair clip is 40% of 0.14 rupees = 0.14 * 40/100 = 0.056 rupees.

Step 3: Find out the selling price of each hair clip. The selling price is the cost price plus the profit. So, the selling price of each hair clip is 0.14 rupees + 0.056 rupees = 0.196 rupees.

Step 4: Calculate how many hair clips the wholesaler must sell for a rupee to get a profit of 40%. Since the selling price of each hair clip is 0.196 rupees, the wholesaler must sell 1/0.196 = approximately 5 hair clips for a rupee to get a profit of 40%.

Knowee AI · Accepted Answer

Step 1: Find out the cost price of each hair clip. The wholesaler purchased 7 hair clips for a rupee, so the cost price of each hair clip is 1/7 = 0.14 rupees.

Step 2: Calculate the profit per hair clip. The wholesaler wants to make a profit of 40%. So, the profit per hair clip is 40% of 0.14 rupees = 0.14 * 40/100 = 0.056 rupees.

Step 3: Find out the selling price of each hair clip. The selling price is the cost price plus the profit. So, the selling price of each hair clip is 0.14 rupees + 0.056 rupees = 0.196 rupees.

Step 4: Calculate how many hair clips the wholesaler must sell for a rupee to get a profit of 40%. Since the selling price of each hair clip is 0.196 rupees, the wholesaler must sell 1/0.196 = approximately 5 hair clips for a rupee to get a profit of 40%.

wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?

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