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By selling 90 pens for Rs. 80 a man lose...

By selling 90 pens for Rs. 80 a man loses 20%. What should be the selling price (in Rs.) of 90 pens for 20% profit?

A

90

B

100

C

110

D

120

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the explanation given in the video transcript. ### Step 1: Understand the Given Information We know that: - Selling Price (SP) of 90 pens = Rs. 80 - Loss Percentage = 20% ### Step 2: Calculate the Cost Price (CP) To find the Cost Price (CP), we can use the formula for calculating CP when we know the SP and the loss percentage: \[ CP = \frac{SP \times 100}{100 - \text{Loss Percentage}} \] Substituting the values we have: \[ CP = \frac{80 \times 100}{100 - 20} \] ### Step 3: Simplify the Calculation Now, let's simplify the equation: \[ CP = \frac{8000}{80} = 100 \] So, the Cost Price (CP) of 90 pens is Rs. 100. ### Step 4: Calculate the Selling Price for 20% Profit Now, we need to find the Selling Price (SP) for a profit of 20%. We can use the formula for SP when we know the CP and the profit percentage: \[ SP = CP \times \left(1 + \frac{\text{Profit Percentage}}{100}\right) \] Substituting the values we have: \[ SP = 100 \times \left(1 + \frac{20}{100}\right) \] ### Step 5: Simplify the Selling Price Calculation Now, let's simplify the equation: \[ SP = 100 \times \left(1 + 0.2\right) = 100 \times 1.2 = 120 \] Thus, the Selling Price (SP) of 90 pens for a 20% profit is Rs. 120. ### Final Answer The selling price of 90 pens for a 20% profit is **Rs. 120**. ---
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