Question

A shopkeeper bought some pencils at rupees 120 per dozen one day you boy came to the shopkeeper to buy two pencil but he had only rupees 16 the shopkeeper gave him to pencil for the rupees 16 find the selling price of one pencil find the cost price of one pencil find the shopkeeper loss and loss profit

Answer 1

Cost Price(CP) of 12 pencils (a dozen) = 120 rupees

Cost Price (CP) of one pencil = 120/12 = 10 rupees

Selling Price (SP) of 2 Pencils = 16 rupees

Selling Price (SP) of one pencil = 16/2 = 8 rupees

Now,

Loss = CP - SP

Loss on one pencil = 10-8 = 2 rupees

loss on 2 pencils = 2 rupees x 2 = 4 rupees