Multiple choice

A persoan purchases 100 pens at a discount of 10%. The net amount of money spent by the persoan to purchase the pens is Rs 600. The selling expenses incurred by the person are 15% on the net cost price. What should be the selling price for 100 pens in order to earn a profit of 25%?

  1. Rs. 802.50

  2. Rs 811.25

  3. Rs. 862.50

  4. Rs 875
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The net purchase cost is Rs 600, and selling expenses are 15% of this, or Rs 90. The total cost is Rs 690, so a 25% profit requires a selling price of 690 × 1.25 = Rs 862.50.

AI explanation

The net cost price of the pens is Rs. 600, and the selling expenses are 15% of this cost, calculated as 600 * 0.15 = 90. This makes the total effective cost price 600 + 90 = 690. To earn a 25% profit on the total cost, the required selling price is 690 * 1.25, which equals Rs. 862.50.

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