Math Problem Statement
Total cost price of 8 pens and 12 pencils is rs 440.Find at what price 10 pens and 15 pencils should be sell to recieve a profit of 20%.
Solution
Let's solve the problem step by step.
Step 1: Find the total cost of 10 pens and 15 pencils.
The problem states that the total cost price (CP) of 8 pens and 12 pencils is ₹440.
Let's assume:
- The cost price of one pen is rupees.
- The cost price of one pencil is rupees.
We can set up the following equation based on the given information: To find the cost price of 10 pens and 15 pencils, we need to calculate .
Step 2: Express in terms of .
Notice that: This is because:
Step 3: Substitute the values.
Substitute into the equation:
Step 4: Calculate the selling price for a 20% profit.
To achieve a 20% profit, the selling price (SP) should be:
Final Answer:
The selling price of 10 pens and 15 pencils to achieve a 20% profit should be ₹660.
Would you like more details or have any other questions?
Here are 8 related questions:
- How would the profit change if the cost price increased by 10%?
- What would be the selling price if the profit margin were 25%?
- How would the solution change if the total cost price of 8 pens and 12 pencils was ₹500?
- How can you determine the individual cost prices of pens and pencils?
- What if you sold 20 pens and 30 pencils instead?
- What is the formula for calculating profit percentage?
- How would a discount on the selling price affect the profit?
- What is the break-even point for selling these items?
Tip: When dealing with percentage increases or decreases in cost or profit, always calculate the new amount by adjusting the original value with the given percentage.
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Math Problem Analysis
Mathematical Concepts
Cost Price
Selling Price
Profit Margin
Formulas
Profit Percentage Formula
Theorems
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Suitable Grade Level
Grades 7-9
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