Why does the ARP not compare loans for different lengths of time?
1 answer:
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Answer:
He should sell each pen of Rs.0.8625 so as to make a gain of 15%
Step-by-step explanation:
- Cost price of 100 pens = Rs.75
- Cost price of 1 pen=
= 0.75
- Gain%= 15%
Gain=
SP = CP+Gain = 0.75+0.1125=0.8625
<u>So, He should sell each pen of Rs.0.8625 so as to make a gain of 15%</u>
#Learn more:
By selling 60 pens a shopkeeper gain the cp of 15 pen. If he bought 20 pens in rs36. Find the sp of one pen
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