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A person purchases 100 pens at a discount of 10%. The net amount of money spent by the person 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%

A person purchases 100 pens at a discount of 10%. The net amount of money spent by the person 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%?

(a)

Rs. 802.50

(b)

Rs. 811.25

(c)

Rs. 862.50

(d)

Rs. 875

Answer:

(c)

Explanation

The selling price required to earn a 25% profit is Rs. 862.50.