A man purchased a box full of pencils at the rate of 7 for Rs. 9 and sold all of them at the rate of 8 for Rs. 11.In this transaction he gained Rs. 10. How many pencils did the box contain ?
Suppose the number of
pencils bought = L.C.M of 7 and 8=56.
C.P of 7 Pencils = Rs. 9
Then, C.P of 56 pencils =(97×56)=72
S.P of 8 pencils = Rs. 11
Then, S.P of 56 pencils =(118×56)=77
So, amount gained on 56 pencils =77−72=5
Now, Rs. 5 are gained on 56 pencils
So, Rs. 10 are gained on (565×10)=112 pencils.