Advanced Placement (AP) Middle School

c)) A man purchased 10 pens. He sold 5 pens at 25% profit and the remaining 5
pens at 16% loss. If he received Rs 625 in total, find the cost price of each pen.​

Answers

Answer 1

Answer:

Let CP= total cost price and SP is the selling price.

For 5 pens at 25% profit, SP=1.25CP

For the remaining 5 pens, sold at 50 each, at a loss of 3%, SP=5x50=250. It is found out that the cost price of this remaining 5 pens is different from the other 5 pens sold at 25% profit.

SP at 25% profit +SP at 3% profit loss=625

1.25CP+ 250 =625

1.25CP=625–250= 375

CP= 375/1.25=300

1.25(300)+ 250=625

375+250=625

Therefore, for 5 pens sold at 25% profit, the Selling Price is Rs 375 and the Cost Price is Rs 300. The Cost Price per pen=300/5= Rs 60 each and Selling Price per pen is Rs 75 each.

For the remaining 5 pens, Selling Price is Rs 50 ea. If the selling price is Rs 50 each and the CP with 3% loss is : SP= 0.97CP=5(50)=250; CP=250/0.97=Rs 257.732. CP per pen=257.732/5= Rs 51.55 per pen

SP at 25% Profit =1.25CP=1.25(300)=Rs 375

SP at 3% loss = Rs 250

Total SP=Rs 375 + Rs 250=Rs 625

Total CP= Rs300+Rs 257.732=Rs 557.732

CP per pen =557.732/10= Rs 55.77 each

Not my answer

Explanation:

Related Questions

Match each word or phrase to its correct definition.
collective bargaining
a law that states how a procedure is
to be carried out
minimum wage
pay required by law when a worker is
injured on the job
labor union
an organization that represents
working people
regulation
discussions between unions and
employers
worker's compensation
the lowest hourly pay that employees
can receive

Answers

Answer:

Workers compensation- pay required by law when a worker...

Regulation- a law that states how a procedure...

Collective bargaining- discussions between unions and employers

Labor union- an organization that represents working people

Minimum wage- the lowest hourly pay that employees can receive

Explanation: right in edge 2020

The correct option s are :

Workers compensation- pay required by law.Regulation- a law states procedure.Collective bargaining- discussions between the employersLabor union- an organization of working peopleMinimum wage- the lowest hourly pay.What is collective bargaining?

Collective bargaining is a process of negotiation and is been the eyes and the group of employees and all agree to regulate the working salaries. It also looks at the conditions, aspects, and benefits of the workers. Aims for the compensation and the rights of the workers.

Find out more information about collective bargaining.

brainly.com/question/11819753

A person receives a $200 gift card. It is important for the person to

Answers

answer

spend it

Explanation:

because it could expire

Use the gift card towards something you really need or something useful
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