Question

A shopkeeper bought 5 pens at the rate of 15.50 rupee each and 5 other pens at the rate of 16 rupee. He sold all the pens at the rate of 15.75 rupee. Find his profit or loss . ANSWER WITH SOLUTION STEP BY STEP. ANSWER is neither profit nor loss.
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Answer 1

Answer:

5*15.50=77.5rs

5*16=80rs

77.5+80=157.5

this is cost price

and selling price are

10*15.75=157.5

there is no profit and no loss

because cost price and selling price amount are same