Question

A shopkeeper bought some pencils. He bought some of the pencils at 3 for rupee 1 and an equal number of pencils at 4 for rupee 1. He sold all the bought pencils at 7 for 2 rupees.

Answer 1

1. Answer: The shopkeeper has profit because he bought with rupee 1 but he sold for rupees

Answer 2

Answer:

The loss percentage is equal to 11.9047 %.

Step-by-step explanation:

Let the number of pencils bought be x.

First x pencils are bought at 3 for rupee 1 that is it is bought for 100 / 3 rupees.

Cost of x pencils = 1/3 x

Another set of x pencils are bought at 4 for rupee 1 that is it is bought for 0.25 rupees.

Cost = 0.25 x

Total cost = 1/3 x + 0.25 x

Selling price for one unit = 2 / 7

Selling price = 2 / 7 (2x)

SP = 4 / 7 x

Profit / Loss = 4 / 7 x - 1/3 x - 0.25 x

Profit / Loss = -0.119047 x

Loss percentage will be = 11.9047 %

Therefore, the loss percentage is equal to 11.9047 %.

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