Question

A shopkeeper buys 25 pencils at 65 rupees. He sells them at 3.50 rupees each. Find the profit or loss incurred by the shopkeeper.​

Answer 1

total pencils=25

total spend money for pencils=65

cost of each pencil=65/25

=2.6 rupees per pencil

total money for selling pencils each one as 3.50 rupees=3.50×25

=87.5 rupees

profit =87.5-65=22.5

total profit percentage = profit/cost price ×100

=22.5/65×100

=34.61% is profit