A 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 ?Options3465
Question
Solution 1
The shop man bought pens at the rate of 7 for 10. This means each pen cost him 10/7 = 1.43 approximately.
He sold them at a profit of 40%. So, the selling price of each pen is 1.43 + 40% of 1.43 = 1.43 + 0.57 = 2 approximately.
Now, if a customer has 10, the number of pens he can buy is 10/2 = 5.
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