Question
A shopkeeper purchases a batch of 120 pens for ₹240.
He sells 60 pens at ₹5 each and the remaining pens at a 20% discount on the marked price of ₹6. What is the total profit or loss the shopkeeper makes after selling all the pens?Solution
Cost price of 120 pens = ₹240. Cost price per pen = ₹240 / 120 = ₹2. Selling price of 60 pens at ₹5 each = 60 * 5 = ₹300. Remaining pens = 120 - 60 = 60. Selling price of remaining pens (marked price = ₹6, discount = 20%) = ₹6 * 0.8 = ₹4.8 each. Total selling price of remaining pens = 60 * 4.8 = ₹288. Total selling price = 300 + 288 = ₹588. Total cost price = ₹240. Profit = 588 - 240 = ₹348. Correct answer: A) ₹348 Profit
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