a shopkeeper buys 50 pencils for 80 and sells 40 pencils from it for 90
find his gain or loss percent
c.p of 50 pencils = __
c.p of 1 pencil = __ = _
s.p of 40 pencils =__
s.p of 1 pencil = __ = 2.25
here s.p > c.p
profit = __ = 2.25 - ___ = __
profit percent =
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Answer:
cost price of 50 pencils = 80
selling price of 40 pencils =₹90
Then, selling price of one pencil
= 90/40 2.25
selling price of 50 pencils =2.25x50= 112.50
As, SP is more, we have profit.
Then, Profit = sp-cp
= 112.50 - 80
= 32.50
So, profit%= 32.50/80 ×100 = 325/8%
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