To establish the problem, we proceed step by step:
Assume Amal procures \(x\) pens at 8 rupees per pen.
The aggregate cost for the pens is \(8x\) rupees. Additionally, an employee is engaged at a fixed wage \(W\).
100 pens are subsequently sold at 12 rupees each, yielding revenue of \(1200\) rupees.
This leaves \(x - 100\) pens remaining.
Scenario 1:
If the remaining pens are sold at 11 rupees each:
Revenue generated is \(11(x - 100)\) rupees.
The total revenue accumulates to \(1200 + 11(x - 100)\).
The net profit, calculated as Revenue minus Total Cost minus Wage, is \(300\) rupees.
\(1200 + 11x - 1100 - 8x - W = 300\)
This simplifies to \(3x - W = 200\)...(i)
Scenario 2:
If the remaining pens are sold at 9 rupees each:
Revenue generated is \(9(x - 100)\) rupees.
The total revenue accumulates to \(1200 + 9(x - 100)\).
A net loss of \(300\) rupees is incurred, defined as Total Cost plus Wage minus Revenue.
\((8x + W - (1200 + 9x - 900) = 300)\)
This simplifies to \(( -x + W = 400 )\) ...(ii)
Simultaneous resolution of equations (i) and (ii) is performed:
Adding both equations yields:
\(2x = 600\)
Therefore, \(x = 300\).
Substituting \(x = 300\) into equation (i):
\(3(300) - W = 200\)
\(900 - W = 200\)
Consequently, \(W = 700\).
The employee's wage is thus determined to be 700 INR.
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A television is sold for Rs.44,000 at a profit of 10%. What is the cost price?