Nandan bought some pencils at the rate of Rs 20 per pencil . He also bought an equal number of erasers at the rate of Rs 4 per eraser . He made 40 % profit on pencils and 50 % profit on erasers . At the end of the day, all the pencils and erasers were sold out and he made a profit of Rs 470 . Find the number of pencils he purchased.
Answer:
47 pencil
Step-by-step explanation:
Let x represent the number of pencils that were bought. Since equal number of erasers where also purchased, hence x erasers were purchased.
Cost of pencils = Rs 20 per pencil * x pencils = 20x
Cost of erasers = Rs 4 per eraser * x eraser = 4x
40% profit was made on pencils, hence:
Profit on pencils = 40% of cost price = 0.4 * 20x = 8x
50% profit was made on erasers, hence:
Profit on eraser = 50% of cost price = 0.5 * 4x = 2x
Since the total profit from pencil and eraser was Rs 470, hence:
8x + 2x = 470
10x = 470
x = 47
Therefore he purchased 47 pencil