A Shopkeeper Earns a profit of ₹ 1 by selling one pen and incurs a loss of 40 paise by selling a pencil. If she sells 70 pens, then how many pencils does she have to sell if there is no profit or loss in the transaction

By K Balaji|Updated : November 12th, 2022

If she sells 70 pens, she has to sell 175 pencils if there is no profit or loss in the transaction.

From the given question it is clear that there is neither profit nor loss.

Therefore,

Profit earned + loss incurred = 0

On rearranging we get

Profit earned = - Loss incurred

Profit earned by selling 70 pens = 70 × 1 = ₹ 70

Hence, Loss incurred by selling pencils = - ₹ 70 or - 7000 paise.

Loss incurred on each pencil = 40 paise.

So, total number of pencils sold = total loss incurred/ loss on each pencil

= -7000/ -40

= 175 pencils

Profit is the money made when a thing is sold for more than it costs to produce.

Loss: The sum that the seller experiences as a result of selling the item for less than its cost is indicated.

Cost Price -

Cost price refers to the price paid to purchase a good or commodity. Denoted as CP as well. This cost price is divided into two more categories:

  • Fixed Cost: Under any conditions, the fixed cost remains constant.
  • Variable Cost: It may change based on the quantity of units and other elements.

Selling price -

The selling price is the price at which a product is sold. Typically, it is identified as SP. also known as a sale price on occasion.

Formulas

The selling price is the price at which a product is sold. Typically, it is identified as SP. also known as a sale price on occasion.

Profit or Gain = Selling price – Cost Price

Loss = Cost Price – Selling Price

Summary:-

A Shopkeeper Earns a profit of ₹ 1 by selling one pen and incurs a loss of 40 paise by selling a pencil. If she sells 70 pens, then how many pencils does she have to sell if there is no profit or loss in the transaction

A shopkeeper earns a profit of ₹ 1 by selling one pen and incurs a loss of 40 paise by selling a pencil. If she sells 70 pens, she has to sell 175 pencils if there is no profit or loss in the transaction.

Related Questions:-

Comments

write a comment

SSC & Railway

CGLSSC GDDFCCILCHSLCPONTPCMTSStenoGroup DDelhi PoliceOthersCoursesMock Test

Follow us for latest updates