A shopkeeper bought some pencils at rupees 120 per dozen one day a poor boy came to the shopkeeper to Boy 2 pencils but he had only rupees 16 the shopkeeper gave him to pencil for rupees 16 find the cost price of one pencil find the selling price of one pencil and write the answer step by step please
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120÷12 =x
cost of 1 pencil=x
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120 ÷12=10=price of one pencil.
16÷2=8=SP of 1 pencil
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