Question : A person loses 20% on selling 80 pens for INR 40. What should be the selling price of 80 pens to earn a profit of 10%?
Option 1: INR 80
Option 2: INR 60
Option 3: INR 55
Option 4: INR 65
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Correct Answer: INR 55
Solution : Selling price = INR 40 Loss = 20% of cost price Cost price = loss + selling price Cost price = 20% of cost price + 40 80% of cost price = 40 Cost price = $\frac{40}{0.8}$ = INR 50 Profit = 10% of 50 = INR 5 Selling price = cost price + profit = 50 + 5 = INR 55 Hence, the correct answer is INR 55.
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