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Abhishek makes a profit of Rs.110, if he...

Abhishek makes a profit of Rs.110, if he sells a certain number of pens he has at the price of Rs 2.5 per pen and incurs a loss of Rs55, if he sells the same number of pens for Rs1.75 per pen. How many pens does Abhishek have?

A

220

B

240

C

200

D

cannot be determined

Text Solution

AI Generated Solution

The correct Answer is:
To find the number of pens Abhishek has, we can set up the problem using the information given in the question. Let's break it down step by step. ### Step 1: Define Variables Let: - \( X \) = Cost Price (CP) of one pen - \( Y \) = Total number of pens ### Step 2: Set Up Equations Based on Given Conditions 1. **Profit Condition**: When Abhishek sells the pens at Rs. 2.5 each, he makes a profit of Rs. 110. - Selling Price (SP) = \( 2.5Y \) - Profit = SP - CP - Therefore, we can write the equation: \[ 2.5Y - XY = 110 \quad \text{(Equation 1)} \] 2. **Loss Condition**: When he sells the pens at Rs. 1.75 each, he incurs a loss of Rs. 55. - Selling Price (SP) = \( 1.75Y \) - Loss = CP - SP - Therefore, we can write the equation: \[ XY - 1.75Y = 55 \quad \text{(Equation 2)} \] ### Step 3: Rearranging the Equations From Equation 1: \[ 2.5Y - XY = 110 \implies XY = 2.5Y - 110 \quad \text{(Rearranging)} \] From Equation 2: \[ XY - 1.75Y = 55 \implies XY = 1.75Y + 55 \quad \text{(Rearranging)} \] ### Step 4: Set the Two Expressions for XY Equal Since both expressions equal \( XY \), we can set them equal to each other: \[ 2.5Y - 110 = 1.75Y + 55 \] ### Step 5: Solve for Y Now, we will solve for \( Y \): 1. Rearranging gives: \[ 2.5Y - 1.75Y = 55 + 110 \] \[ 0.75Y = 165 \] 2. Dividing both sides by 0.75: \[ Y = \frac{165}{0.75} = 220 \] ### Conclusion Thus, the total number of pens Abhishek has is \( Y = 220 \).
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