First, let's understand the wholesaler's initial investment. He bought 7 hair clips for 1 rupee, so the cost of each hair clip is 1/7 rupees.

Next, we need to calculate the selling price per hair clip for a 40% profit. A 40% profit on the cost price (1/7 rupees) is 40/100 * (1/7) = 4/70 = 2/35 rupees.

So, the selling price per hair clip should be the cost price plus the profit, which is (1/7) + (2/35) = 7/35 + 2/35 = 9/35 rupees.

Finally, to find out how many hair clips he must sell for a rupee to get a 40% profit, we divide 1 rupee by the selling price per hair clip. So, 1 / (9/35) = 35/9 ≈ 3.89.

Since the wholesaler can't sell a fraction of a hair clip, he must sell 3 hair clips for a rupee to get a profit of approximately 40%.

Question

First, let's understand the wholesaler's initial investment. He bought 7 hair clips for 1 rupee, so the cost of each hair clip is 1/7 rupees.

Next, we need to calculate the selling price per hair clip for a 40% profit. A 40% profit on the cost price (1/7 rupees) is 40/100 * (1/7) = 4/70 = 2/35 rupees.

So, the selling price per hair clip should be the cost price plus the profit, which is (1/7) + (2/35) = 7/35 + 2/35 = 9/35 rupees.

Finally, to find out how many hair clips he must sell for a rupee to get a 40% profit, we divide 1 rupee by the selling price per hair clip. So, 1 / (9/35) = 35/9 ≈ 3.89.

Since the wholesaler can't sell a fraction of a hair clip, he must sell 3 hair clips for a rupee to get a profit of approximately 40%.

Knowee AI · Accepted Answer

First, let's understand the wholesaler's initial investment. He bought 7 hair clips for 1 rupee, so the cost of each hair clip is 1/7 rupees.

Next, we need to calculate the selling price per hair clip for a 40% profit. A 40% profit on the cost price (1/7 rupees) is 40/100 * (1/7) = 4/70 = 2/35 rupees.

So, the selling price per hair clip should be the cost price plus the profit, which is (1/7) + (2/35) = 7/35 + 2/35 = 9/35 rupees.

Finally, to find out how many hair clips he must sell for a rupee to get a 40% profit, we divide 1 rupee by the selling price per hair clip. So, 1 / (9/35) = 35/9 ≈ 3.89.

Since the wholesaler can't sell a fraction of a hair clip, he must sell 3 hair clips for a rupee to get a profit of approximately 40%.

A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?6543None

Question

Solution

Similar Questions

Upgrade your grade with Knowee