Question

Andy psurchasedAndy purchased 120 pencils at the rate of Rs. 2 per pencil. He sold 72 of them at the rate of Rs. 2.5 per pencil and the remaining at the rate of Rs. 2 per pencil. Find his profit or loss per cent.

Answer 1

Answer:

15 %

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Answer 2

Answer:

$15$%

Step-by-step explanation:

He sold $72$ of the pencils with rs $2.5$ and $(120-72)$ of them with rs $2$. So he got$72\times2.5+(120-72)\times2=180+96=rs 276$. He used $120\times2=rs240$ to buy the pencils. So percentage profit is $\frac{276-240}{240}\times100$% which is $15$%.