Select the correct answerA shop man bought pens at the rate of 7 for 10 and sold them at a profit of 40%. How many pens would a customer get for 10 ?Options6534
Question
Select the correct answerA shop man bought pens at the rate of 7 for 10 and sold them at a profit of 40%. How many pens would a customer get for 10 ?Options6534
Solution
The solution to this problem involves a few steps:
-
First, we need to find out the cost price of one pen. The shop man bought 7 pens for 10, so the cost price of one pen is 10/7 = 1.43 (approximately).
-
The shop man sold the pens at a profit of 40%. So, the selling price of one pen is 1.43 + 40% of 1.43 = 1.43 + 0.57 = 2.
-
Now, we need to find out how many pens a customer can get for 10. Since one pen costs 2, a customer can get 10/2 = 5 pens for 10.
So, the correct answer is 5.
Similar Questions
A man buys 50 pens at marked price of 46 pens from a whole seller.If he sells these pens giving a discount of 1% ,what is the profit percent?5.3%7.6%10.6%12%
Select the correct answerBy selling 168 Pens a shopkeeper gains the of CP of 14 pen. Find his Gain %?Options7.14%9.38%8.33%5%
The cost price of 6 pens is equal to the selling price of 4 pens. Find the profit percent.a.20%b.40%c.60%d.50%
If the selling price of 40 pens is equal to cost price of 56 pens. Find the profit percentage.
A man purchases 8 pens for $9 and sells 9 pens for $8. How much profit or loss percent does he make? Ops: A. 20.12%, Profit B. 15.28%, Loss C. 20.98%, Loss D. 15.42%, Profit
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.