A man bought pencils at the rate of 6 for Rs 4 and sold them at the rate of 4 for Rs 6. his gain % in the transaction
Answers
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STEP 1 : Find the cost of 1 pencil:
6 pencils = Rs 4
1 pencil = 4/6 = Rs 2/3 or Rs 0.67
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STEP 2: Find the selling price of 1 pencil:
4 pencils = Rs 6
1 pencil = 6/4 = 3/2 or Rs 1.50
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STEP 3: Find the percentage gain :
Gain = 3/2 - 2/3 = 5/6
Gain percentage = 5/6 x 100 = 83.3%
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Answer: The percentage gain is 83.3% for this transaction
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C.P of 6 Pencils = ₹4
C.P of 1 Pencil =₹4/6=₹2/3
S.P of 4 Pencils =₹6
S.P of 1 Pencil =₹6/4=₹3/2
Gain%= S.P-C.P/C.P ×100
= (3/2-2/3)/(2/3)×100
=125%