Practicing Success
A man buys 13 pens for a rupee. How many pens should he sell for a rupee to earn a profit of 30%? |
8 10 5 15 |
10 |
If a man buys 13 pens for a rupee, CP of 1 pen = $\frac{1}{13}$ For the man to earn profit of 30%, If CP = 100, profit = 30 SP = 100 + 30 = 130 The ratio of CP to SP will be 100 : 130 Here, C.P. = 100R = $\frac{1}{13}$ Hence, SP = 130R = 130 x $\frac{1}{13 \times 100}$ = $\frac{1}{10}$ Thus, a total of 10 pens should be sold to earn a profit of 30%. |