By selling 100 pencils ,a shopkeeper gains the selling price of 20 pencils ,his gain percent is
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Answered by
7
Let the selling price of 1 pencil be Rs 1
so selling price of 100 pencils is Rs 100
he gained selling price of 20 pens
means he gained Rs 20
cost price = selling price-profit
=100-20
=80
Cost price=Rs 80
profit percent=profit/cost price×100
=20/80×100
=25
So he gained 25%
Answered by
18
The selling price of 1 pencil be Rs. 1
Selling price of 100 pencils = Rs. 100
He gained selling price of 20 pencils,
He gained Rs. 20
In order to get the cost price, we have to subtract profit from selling price.
The cost price is Rs. 80
He gained
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