Question

a shopkeeper bought 20 pencils for rs 60 and sold them per dozen at rs 35 is there loss or profit. please answer it class 5 ​

Answer 1

Answer:

Cost Price of 20 pencils : 60/-

Cost Price of 1 pencil : 60 /20 = 3/-

Selling Price of 1 dozen (12 pencils) : 35/-

Selling Price of 1 pencil : 35 / 12 = 2.9/-

Thus, the shopkeeper sells the pencil for a loss of (3-2.9) 0.1 /-