The total cost price of 8 pens and 12 bottles together is Rs. 440. Find at what price 10 pens and 15 bottles should be sell to receive a profit of 20%.720 Rs.520 Rs.600 Rs.660 Rs.550 Rs.
Question
The total cost price of 8 pens and 12 bottles together is Rs. 440. Find at what price 10 pens and 15 bottles should be sell to receive a profit of 20%.720 Rs.520 Rs.600 Rs.660 Rs.550 Rs.
Solution
To find the selling price of 10 pens and 15 bottles in order to make a profit of 20%, we need to follow these steps:
Step 1: Calculate the cost price of 1 pen and 1 bottle. To find the cost price of 1 pen, we divide the total cost price of 8 pens and 12 bottles by the total quantity of pens, which is 8. Cost price of 1 pen = Rs. 440 / 8 = Rs. 55
Similarly, to find the cost price of 1 bottle, we divide the total cost price by the total quantity of bottles, which is 12. Cost price of 1 bottle = Rs. 440 / 12 = Rs. 36.67 (approx.)
Step 2: Calculate the total cost price of 10 pens and 15 bottles. To find the total cost price of 10 pens, we multiply the cost price of 1 pen by 10. Total cost price of 10 pens = Rs. 55 * 10 = Rs. 550
To find the total cost price of 15 bottles, we multiply the cost price of 1 bottle by 15. Total cost price of 15 bottles = Rs. 36.67 * 15 = Rs. 550.05 (approx.)
Step 3: Calculate the selling price to make a profit of 20%. To calculate the selling price, we add the desired profit to the total cost price. Profit = 20% of the total cost price = 20/100 * (550 + 550.05) = Rs. 220.01 (approx.)
Selling price = Total cost price + Profit = 550 + 550.05 + 220.01 = Rs. 1320.06 (approx.)
Therefore, the selling price of 10 pens and 15 bottles to make a profit of 20% is approximately Rs. 1320.06.
Similar Questions
If selling price of 12 pens is equal to the cost price of 18 pens,find the profit percent.
Varun sold 15 pens for Rs 120. The loss incurred was equal to the cost price of 3 pens. Find the cost price of a pen.Options :102030none
A shopkeeper bought 180 pens for ₹1200 and sold them at ₹9 each. What is the percentage profit? 0.1
vijay sells a pen at 25% loss and a pencil at 15% profit, he gets Rs.7 as profit.If he sells the pen at 25% profit and the pencil at 10% profit, he gets Rs 6 more. The price of pen ?*1) 302) 403) 1004) 20
2. If the cost price of 25 pens is equal to the selling price of 20 pens, then the profit per cent is ?20% 25% 15% 5%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.