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Question

Rajeshwar bought 16 dozen ball point pens and sold them by and by. Due to a calculation mistake in fixing selling price he lost an amount equal to SP of 4 dozen pens. Find the loss percent. Find the SP of one dozen pens, if he purchased these 16 dozen pens for Rs. 240

A
Rs. 18
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B
Rs. 10
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C
Rs. 12
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D
Rs. 14
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Solution

The correct option is D Rs. 12
Let the S.P. of one dozen pens be Rs. x.
Then S.P. of 16 dozen pens = Rs. 16x, Loss = S.P. of 4 dozen pens = Rs. 4x
C.P. = S.P. + Loss = Rs. 16x+ Rs. 4x= Rs. 20x
Loss per cent =(4x20x×100)=20
C.P. of 16 dozen pens = Rs. 240, Loss =20%
240×80100= Rs. 192
S.P. of 1 dozen pens = Rs. 19216 = Rs. 12

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