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A sold his pen at a profit of ₹13. He ca...

A sold his pen at a profit of ₹13. He calculated the profit percentage on selling price and found it to be 20%. The cost price (in ₹) of the pen is:

A

39

B

65

C

52

D

13

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the pen sold by A, we can follow these steps: ### Step 1: Understand the given information - Profit made by A = ₹13 - Profit percentage on selling price = 20% ### Step 2: Set up the profit percentage formula The profit percentage is given by the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Selling Price}} \right) \times 100 \] Since the profit percentage is 20%, we can express this as: \[ 20 = \left( \frac{13}{\text{Selling Price}} \right) \times 100 \] ### Step 3: Rearrange the formula to find Selling Price (SP) Rearranging the above equation gives: \[ \text{Selling Price} = \frac{13 \times 100}{20} \] Calculating this: \[ \text{Selling Price} = \frac{1300}{20} = 65 \] So, the Selling Price (SP) of the pen is ₹65. ### Step 4: Calculate the Cost Price (CP) We know that: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] Substituting the known values: \[ 13 = 65 - \text{Cost Price} \] Rearranging gives: \[ \text{Cost Price} = 65 - 13 = 52 \] ### Conclusion The cost price of the pen is ₹52.
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