Varun sold 15 pens for Rs 120. The loss incurred was equal to the cost price of 3 pens. Find the cost price of a pen.Options :102030none
Question
Varun sold 15 pens for Rs 120. The loss incurred was equal to the cost price of 3 pens. Find the cost price of a pen.Options :102030none
Solution
Let's solve this step by step:
Step 1: Let's assume the cost price of one pen is Rs. x.
Step 2: So, the cost price of 15 pens would be 15x.
Step 3: According to the problem, Varun sold 15 pens for Rs. 120 and the loss incurred was equal to the cost price of 3 pens, which is 3x.
Step 4: We know that, Loss = Cost Price - Selling Price.
Step 5: Substituting the given values in the loss formula, we get 3x = 15x - 120.
Step 6: Simplifying this, we get 12x = 120.
Step 7: Solving for x, we get x = 120 / 12 = Rs. 10.
So, the cost price of a pen is Rs. 10. Therefore, none of the given options is correct.
Similar Questions
A vendor bought 8 pens for Rs. 32 and sold them at 4 for Rs. 15. Find his loss or gain percent.
The total cost price of 8 pens and 12 bottles together is Rs. 440. Find at what price 10 pens and 15 bottles should be sell to receive a profit of 20%.720 Rs.520 Rs.600 Rs.660 Rs.550 Rs.
vijay sells a pen at 25% loss and a pencil at 15% profit, he gets Rs.7 as profit.If he sells the pen at 25% profit and the pencil at 10% profit, he gets Rs 6 more. The price of pen ?*1) 302) 403) 1004) 20
wo salesmen A and B together sold 30 pens. A sold all his pens at the same rate, so does B. Though A sold his pens at a different rate than at a rate B sold, they both received the same amount after selling all their pens. If A had sold his pens at the rate at which B sold, he would have received Rs.320. If B had sold his pens at the rate at which A sold, he would have received Rs.245. At what price did B sell each of his pens?Enter your response (as an integer) using the virtual keyboard in the box provided below.
Ravi sold 16 pens at the cost of 20 pens. What is the profit or loss percentage made by him?Options25% loss4% loss4% profit25% profit
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.