1. The problem involves multiple scenarios related to cost price, selling price, profit, and loss percentages.
2. Key formulas:
- Profit or Loss = Selling Price - Cost Price
- Profit or Loss Percentage = \frac{Profit or Loss}{Cost Price} \times 100
- Selling Price = Cost Price + Profit
- Selling Price = Cost Price - Loss
3. For the pen problem: "10 pens cost the same as 14 pens cost price" means the selling price of 10 pens equals the cost price of 14 pens.
4. For the chair problem: "18 chairs selling price equals 16 chairs selling price" means the selling price of 18 chairs equals the cost price of 16 chairs.
5. For the orange problem: "15 oranges cost the same as 16 oranges cost price" means selling price of 15 oranges equals cost price of 16 oranges.
6. Loss of 28% means selling price is 72% of cost price.
7. Rs 1680 and Rs 53910 are likely final amounts related to these problems.
Let's solve the pen problem as an example:
Step 1: Let cost price of one pen be $C$.
Step 2: Selling price of 10 pens = Cost price of 14 pens
$$10 \times SP = 14 \times C$$
Step 3: Selling price per pen $SP = \frac{14}{10} C = 1.4 C$
Step 4: Profit per pen = $SP - C = 1.4C - C = 0.4C$
Step 5: Profit percentage = $\frac{0.4C}{C} \times 100 = 40\%$
So, the seller makes a 40% profit on pens.
Similarly, for chairs:
Step 1: Let cost price of one chair be $C$.
Step 2: Selling price of 18 chairs = Cost price of 16 chairs
$$18 \times SP = 16 \times C$$
Step 3: Selling price per chair $SP = \frac{16}{18} C = \frac{8}{9} C \approx 0.8889 C$
Step 4: Loss per chair = $C - SP = C - 0.8889 C = 0.1111 C$
Step 5: Loss percentage = $\frac{0.1111 C}{C} \times 100 = 11.11\%$
For oranges:
Step 1: Let cost price of one orange be $C$.
Step 2: Selling price of 15 oranges = Cost price of 16 oranges
$$15 \times SP = 16 \times C$$
Step 3: Selling price per orange $SP = \frac{16}{15} C = 1.0667 C$
Step 4: Profit per orange = $SP - C = 1.0667 C - C = 0.0667 C$
Step 5: Profit percentage = $\frac{0.0667 C}{C} \times 100 = 6.67\%$
Loss of 28% means:
Selling price = $72\%$ of cost price
If cost price is Rs 1600, selling price = $1600 \times 0.72 = 1152$
Given Rs 1680 and Rs 53910, these could be cost or selling prices in other contexts.
Summary:
- Pen profit = 40%
- Chair loss = 11.11%
- Orange profit = 6.67%
- Loss of 28% means selling price is 72% of cost price
Profit Loss
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