Question

A store purchased pens at Rs 216 per dozen. He paid Rs 58 for conveyance and sold the pens at the discount of Rs 2 per pen and made an overall profit of Rs 50. Find the M.P. of each pen.

Answer 1

Cost of 1 dozen pens = Rs 216 + Rs 58

CP = Rs 274

Discount for each pen = Rs 2

Overall profit = Rs 50

Total discount for 12 pens = Rs 2 × 12
= Rs 24

Selling price of 12 pens = Mp – Discount

SP = Mp – Rs 24

Profit = SP – CP

Rs 50 = Mp – Rs 24 – Rs 274

MP = Rs 50 + Rs 24 + Rs 274

= Rs 348 (1 dozen)

MP of each pen = Rs 348 / 12

= Rs 174/6

= Rs 29