Given that 8 pens are sold for Rs 75 with a 25% loss.
When there's a 25% loss, the selling price is 75% of the cost price.
75=CP×(1−0.25)
75=CP×0.75
CP=0.7575
CP=100
The cost price of 8 pens is Rs 100.
Cost of 1 pen:
Cost of 1 pen=8100
Cost of 1 pen=12.50
To earn a 24% profit, the selling price per pen should be:
SP=12.50×(1+0.24)
SP=12.50×1.24
SP=15.50
Each pen must be sold for Rs 15.50 to earn 24% profit.
Number of pens to be sold for Rs 372:
Number of pens=15.50372
Number of pens=24
Therefore, 24 pens should be sold for Rs 372 to earn a 24% profit.