3. Page A shopkeeper buys some pens at 3 for F30 3 and an equal number at 4 for 48 He sells them at 5 for F 56. Find his gain or per cent or los
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He buys 1 pen at Rs 10, another at Rs 12, averaging Rs 11 (cost price). He sells a pen at Rs 11.20 (Selling price). His profit Rs 0.20 over a cost of Rs. 11. Profit is 0.2/11×100=1.818%
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28.20%
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