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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

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Solution

The solution to this problem involves a few steps:

  1. 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).

  2. 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.

  3. 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.

This problem has been solved

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