A person buys 25 pens worth 250, each of equal cost. He wants to keep 5 pens for himself and sell the remaining to recover his money. What should be the price of each pen?
He will sell = 25 – 5 = 20
According to problem,
Selling price of 20 pens = 250
∴ Selling price of each pen = 250/20 = 12.5
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