A person bought 50 pens for Rs. 50 each. He sold 40 of them at a loss of 5%. he wants to gain 10% on the whole. Then his gain percent on the remaining pens should be
Correct Answer: Description for Correct answer:
According to question,
CP of 1 Pen = Rs. 50
CP of 50 Pen = Rs. 50\( \times \)50
= Rs. 2500
to gain 10% overall sold at
= 2750
Now, 40 Pens sold at 5% loss
\( \therefore \) SP of 40 pen = 40\( \times \)47.5
= Rs. 1900
Remaining 10 pens sold to get overall profit of 10% at = Rs. 850.
SP of 1 (remaining pen)
\( \Large =\frac{850}{10} \) = Rs. 85
CP of 1 pen = Rs. 50
Profit % of remaining pen
=\( \Large \frac{35}{50} \times 100=70\% \)
Part of solved Profit and Loss questions and answers :
>> Aptitude >> Profit and Loss