Question

Atul bought 5 pencil for $4 and sells 4 pencils for $5 .the gain per cent in the transaction is​

Answer 1

Answer: 56.25 %

CP of 1 pencil = 4/5 =0.8 $

SP of 1 pencil = 5/4 = 1.25 $

Gain % = (SP-CP/CP )x100

           =(0.45/0.8 )x 100

           =56.25 %

Atul gain 56.25 % in this transaction