By selling 70 pencils for Rs. 90 a person makes a loss of 25%. How many pencils should be sold for…
A 25 percent loss on 70 pencils sold for Rs. 90 means their cost was \(\frac{90}{0.75} = 120\), so the cost per pencil is \(\frac{12}{7}\). For a 30 percent profit on a sale…
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By selling 70 pencils for Rs. 90 a person makes a loss of 25%. How many pencils should be sold for Rs.234 to have a profit of 30%?
Answer and explanation
Correct answer C
A 25 percent loss on 70 pencils sold for Rs. 90 means their cost was , so the cost per pencil is . For a 30 percent profit on a sale of Rs. 234 the cost must be . Hence the number of pencils is .
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