A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit of 11 %. How many pens were sold at 12 % profit:
Let us assume that he sells x pens for a profit of 12% and hence (60−x) pens at a loss of 8%
Let C.P of a pen be Rs.1.
Profit Loss
CP=x CP=60−x
P%=12%L%=8%
SP=CP(100+P%100)SP=(60−x)(100−8100)
SP=x(100+12100)=92(60−x)100
=112x100=28x2523(60−x)25
Overall
CP=x+60−x=60.
SP=28x+23(60−x)25=1380+5x25
P%=x−245.60×100=11x−243=11
x−24=33⇒x=24+33=57
Hence 57 pens were sold at a profit 12%