a man bought notebooks at the rate of rs.72 per dozen and sold them at the rate of rs.25 for a packet of 5 books. what was his gain/loss ?
Answers
Step-by-step explanation:
First the first condition is that you find cost of one book in per dozen
Cost of 12 book= rs. 72
Cost of one book = 72÷12 = 6
Now he buys one book in rs. 6
Now,
He sell 5 book = rs. 25
Cost of one book = 25÷5 = 5
He sell one book in rs. 5
Now compare cost price and selling price
Cost price > selling price
So,
He has get a loss of rs. 1
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According to the question, we shall first find the cost price of one book in per dozen.
Cost Price of 12 book⇒
Cost Price of one of the books ⇒
∴The cost price of one notebook is .
Now let's get to the second part of the question.
Cost of 5 notebooks he sold ⇒
Cost of one notebook ⇒
∴ He sold 1 notebook at the price of .
Now let's compare the cost price to the selling price .
Now we find out,
∴ He had a loss of get a loss of rs. 1