A grocer bought 2 dozen pencils for $14.40 and sold them at $1.00 each what is the gain?
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2 dozen=12×2= 24
he bought 24 penciles at $14.40
he bought 1 pencil at 14.40/24=$.6
so his gain=(1.00-.6)×100)=40%
he bought 24 penciles at $14.40
he bought 1 pencil at 14.40/24=$.6
so his gain=(1.00-.6)×100)=40%
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