By selling a pen for ₹ 15, a man loses one-sixteenth of what it costs him. The cost price of the pen is · ABC26GN2637
Subject: General Aptitude · Chapter: Profit and Loss
By selling a pen for ₹ 15, a man loses one-sixteenth of what it costs him. The cost price of the pen is
(a)₹ 16
(b)₹ 18
(c)₹ 20
(d)₹ 21
Answer
Explanation
Let the C.P. be ₹ $x$. Then, $x-15=\frac{x}{16} \Rightarrow x-\frac{x}{16}=15 \Rightarrow \frac{15 x}{16}=15 \Rightarrow x=16$. $$\text { ∴ С.Р. }=₹ 16 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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