Knowee
Questions
Features
Study Tools

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 ?

Question

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 ?

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we need to follow these steps:

  1. First, we need to find out how much the shop man sold each pen for. He bought 7 pens for 10, so the cost of each pen for him is 10/7 = 1.43 approximately.

  2. He sold the pens 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.

  3. Now, if a customer has 10, the number of pens he can buy is 10/2 = 5 pens.

So, a customer would get 5 pens for 10.

This problem has been solved

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%

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%

A shopkeeper bought 180 pens for ₹1200 and sold them at ₹9 each. What is the percentage profit?   0.1

If selling price of 12 pens is equal to the cost price of 18 pens,find the profit percent.40%33.3%50%25%

The c.p of 10 pens is equal to s.p of 12 pens.Find his gain% or loss%.A33.24% profitB20% profit

1/3

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.