Question

Ankit bought 20 dozen pencils at the rate of Rs. 4 for 5 and sold them at a rate of Rs. 8 for 5. Find his gain
percentage​

Answer 1

Answer:

Step-by-step explanation:

20 Dozen Pencils: 20*12 = 240

CP of 1 Pen= 5/4

CP of 240 Pen= 5/4*240=300

SP of 1 Pen=5/8

SP of 240 Pen= 240*5/8 = 150

Therefore, He is in loss.

For Profit he have to sold Rs 5 for 8.