Question

A store owner purchased a ream of paper for Rs50 and sold it in retail at Rs5.50 per quire. How much profit or loss did he make ?(hint :one ream =20 quire

Answer 1

Store owner purchased a ream of paper for Rs50.
g
ie, Cost of 20 quire=50

Now,
he sold it for Rs 5.50 per quire.

So selling price of 20
quires=20×5.50
=Rs 110

Profit
=selling price- cost price

= 110-50
= 60

So store owner made a profit of Rs 60