Question 17

A shop keeper purchased 10 boxes of pencils containing 10 pencils each at Rs. 100 per box and sold each pencil at a profit 12%. What is the total sale price?

Solution

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C.P of 10 boxes = $$10\times\ 100\ =\ 1000$$

C.P of 1 pencil = $$\frac{1000}{100}=10$$

Profit = 12%

S.P = $$\frac{112}{100}\times\ 10=11.2$$

Total sale price = $$11.2\times\ 100\ =\ 1120$$

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