5.
Articles are bought at 45 per dozen and sold at 85 per score. Find the
gain or loss per cent.
Answers
Answered by
16
Answer:
Profit = 13.33
Step-by-step explanation:
Articles are bought at rs. 45 per dozen.
1 Dozen = 12 numbers.
∴ Buying price of each Article = rs. 45/12 = rs. 3.75
Articles are sold at rs. 85 per score.
One score = 20 numbers
∴ Selling price of each Article = rs. 85/20 = rs. 4.25
Proffit of loss
Profit or loss is calculated as
Profit or loss per piece (P)= (Selling Price - Buying price)
∴ P = 4.25 - 3.75
∴ P = 0.5 rs.
As P is positive, it is profit.
% Profit = (Profit / Buying price) * 100
Profit = (0.5 / 3.75) * 100
% Profit = 13.33 %
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