DIRECTIONS for questions 10 to 14: Select the correct alternative from the given choices.Manohar bought 236 pens at a certain price. If he then sold all the pens at a fixed selling price each, such that he was able to recover his investment from the revenue obtained by selling exactly 200 pens, find his profit percentage.18%24%36%32%
Question
DIRECTIONS for questions 10 to 14: Select the correct alternative from the given choices.Manohar bought 236 pens at a certain price. If he then sold all the pens at a fixed selling price each, such that he was able to recover his investment from the revenue obtained by selling exactly 200 pens, find his profit percentage.18%24%36%32%
Solution
The problem is asking for the profit percentage of Manohar's transaction. Here are the steps to solve it:
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Manohar bought 236 pens and recovered his investment by selling 200 pens. This means the cost price of 200 pens is equal to the cost price of 236 pens.
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Therefore, the cost price of one pen is the same as the selling price of one pen.
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Manohar sold the remaining 36 pens at the same selling price, which is pure profit.
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To find the profit percentage, we divide the profit (which is the selling price of 36 pens) by the cost price (which is the selling price of 200 pens) and multiply by 100.
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The profit percentage is therefore (36/200)*100 = 18%.
So, the correct answer is 18%.
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