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7.
Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen?
Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen?
Most Upvoted Answer
7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At...
Solution
To solve this problem, we need to use the concept of cost price, selling price, and profit/loss.
Step 1: Calculate the selling price of 1 pen
Naman sold 6 dozen pens, which means he sold a total of 6 x 12 = 72 pens.
Selling price of 72 pens = Rs. 225
Selling price of 1 pen = 225/72 = 3.125
Step 2: Calculate the cost price of 1 pen
Naman suffered a loss of 0.05 per pen, which means his selling price was 0.05 less than his cost price.
Let the cost price of 1 pen be Rs. x.
Selling price of 1 pen = Cost price of 1 pen - Loss per pen
3.125 = x - 0.05x
3.125 = 0.95x
x = 3.125/0.95
x = 3.29
Therefore, the cost price of 1 pen is Rs. 3.29.
Conclusion
Naman bought the pens at a cost price of Rs. 3.29 per pen and sold them at a selling price of Rs. 3.125 per pen, which resulted in a loss of 0.05 per pen.
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7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen?
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7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen?.
7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 7.Naman sold 6 dozen pens for 225 and suffered a loss 0.05 per pen. At wha price did he buy the pen?.
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