A stationer buy 5 pens for Rs. 28 and sells them at a profit of 25%. How much should a customer pay if he buys 3 pen ?
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Solution
The amount at which the stationer sells the pen is the price the customer buys it for. Given, for the stationer C.P. of 5 pens =Rs28 C.P. of 1 pen =Rs5.6 Profit =25 % So, Profit % =S.P.−C.P.C.P.×100=25 =>S.P.−5.65.6×100=25 =>S.P.−5.6=1.4 =>S.P.=Rs7 customer buys each pen for =Rs7