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Question

On selling a pen for ₹100, a shopkeeper gains ₹15. The cost price of the pen is

(a) ₹115
(b) ₹85
(c) ₹70
(d) ₹130

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Solution

Let the CP be x.

SP = ₹100
Profit = ₹15

Therfore, SP is more than CP.

Now,
CP = SP − Profit
= ₹100 − ₹15
= ₹85

Thus, CP = ₹85

Hence, the correct option is (b).

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