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Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell?
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Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a ...
Loss Incurred and Number of Pencils Sold
To calculate the number of pencils sold in each scenario, we need to first determine the loss incurred by the shopkeeper in each situation. Let's break down the given information and calculate the number of pencils sold:

i) Loss Calculation for the First Month
- Profit earned on selling one pen = ₹ 2
- Loss incurred on selling one pencil = 60 paise = ₹ 0.60
- Total loss incurred in the first month = ₹ 5
- Number of pens sold = 50
To calculate the loss incurred by selling pens:
50 pens * ₹ 2 = ₹ 100
Now, let's calculate the loss incurred by selling pencils:
Total loss = Loss on each pencil * Number of pencils sold
₹ 5 = ₹ 0.60 * x pencils
x = 8.33 pencils
Since the number of pencils sold cannot be in fractions, we can assume that the shopkeeper sold 8 pencils in the first month.

ii) Neither Profit nor Loss in the Second Month
- Profit earned on selling one pen = ₹ 2
- Loss incurred on selling one pencil = ₹ 0.60
- Number of pens sold = 60
To calculate the number of pencils sold in the second month:
Total profit from selling pens = Profit on each pen * Number of pens sold
₹ 2 * 60 = ₹ 120
Since the shopkeeper neither earned a profit nor incurred a loss in the second month, the total profit from selling pens should balance out the loss from selling pencils.
Therefore, the number of pencils sold in the second month can be calculated as:
Total loss from selling pencils = Loss on each pencil * Number of pencils sold
₹ 0.60 * y = ₹ 120
y = 200 pencils
In the second month, the shopkeeper sold 200 pencils to balance out the profit earned from selling pens.
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Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell?
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Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell?.
Solutions for Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? defined & explained in the simplest way possible. Besides giving the explanation of Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell?, a detailed solution for Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? has been provided alongside types of Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? theory, EduRev gives you an ample number of questions to practice Q12. A shopkeeper earns a profit of 2 by selling one pen and incurs a loss of 60 paise per pencil while selling pencils from his old stock. i) In a particular month he incurred a loss of ₹ 5. In this period he sold 50 pens. How many pencils did he sell in this period? ii) In the next month he earns neither profit nor loss. If he sold 60 pens in that month, how many pencils did he sell? tests, examples and also practice UPSC tests.
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