13. Rohit buys 15 dozens of pens at 40 per dos
and sold it at 24 per 8 pens. How man
percent profit or loss he gain?
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Answer:
Loss of -60
Step-by-step explanation:
Cost price = 40 × 15 = 600
Selling price per dozen = 24/8 × 12 = 36 per dozen
Selling price = 36 x 15 = 540
Profit/Loss = Selling Price - Cost Price
= 540 - 600 = -60
He sold it at a loss of -60
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