Question

A book seller brought a gross of pencils at Rs. 144/- and sells the same in retail at Rs.2/- per pencil. What is the Profit or Loss percentage?​

Answer 1

Step-by-step explanation:

We recall a few important facts below:

Profit = Selling Price – Cost Price

Loss = Cost Price – Selling Price

Cost Price = Selling Price – Profit or, Selling Price + Loss

Selling Price = Cost Price + Profit or, Cost Price – Loss

Profit or Loss per cent = $\frac{total profit / loss }{cost price}$×100

Answer 2

Answer:

C.P of gross of pencils = Rs. 144

1 gross = 144 pencils

C.P per pencil = 144/144 = Rs. 1

S.P per pencil = Rs. 2

Profit = S.P - C.P = 2-1 = 1

Profit % = Profit / C.P * 100

               = 1/1 *100 = 100%

Answer = 100% Profit