Question

3. Pencils were bought at 10 per dozen and
sold at Re 1 per pencil. Find the gain or
loss percent.​

Answer 1

Answer:

Step-by-step explanation:

CP of 12 pencils = Rs. 10

SP of 12 pencils = 12 x 1 = Rs 12

Since SP > CP ,  there is profit.

P= SP - CP =  12 - 10 = Rs 2

P% = P/CP X 100 = 2/ 10 x 100 = 20% gain

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