A shopkeeper bought 11 pencils for 10 and sold at 10 for 11 find his gain or loss persent?
Answers
Answered by
58
CP : 11 pencil = $10
SP : 10 pencil = $11
multiply CP by 10 and SP by 11. now you get two equation.
CP : 110 pencil = $100
SP : 110 pencil = $121
profit = 121 - 100 = $21
profit% = (21÷100) × 100 = 21%
SP : 10 pencil = $11
multiply CP by 10 and SP by 11. now you get two equation.
CP : 110 pencil = $100
SP : 110 pencil = $121
profit = 121 - 100 = $21
profit% = (21÷100) × 100 = 21%
kanishk05:
little calculation mistake. sorry for that
Answered by
15
Cp of 11 pencil = rupee 10
Sp of 10 pencil= rupee 11
Here ,we can see that the quantity of pen in both the cases of Sp and Cp is different
Hence , we have to equal the quantity
Cp of 110 pencil (11 ×10) = 100 (10 ×10)
Sp of 110 pencil (10 ×11) = 121 (11 ×11 )
Now ,the quantity are same
Since,SP > CP
SO ,there is a profit
Profit = Sp - Cp
=₹121 - ₹100
=₹21
Profit %= P/Cp × 100
=21/100 ×100
=21%
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