By selling 8 dozen pencils, a shopkeeper gains the selling price of one dozen pencils. Find his gain per cent.
Answers
Answered by
16
Step-by-step explanation:
Let SP of one dozen pencils be Rs.x
SP of 8 dozen pencils : Rs.x *8 = Rs.8x
Profit = SP of 1 dozen pensicls = Rs.x
CP of 8 dozen pencils : (8-1)=7 dozen = Rs.x * 7 = Rs.7x
Gain % = Profit/CP*100 = (x/7x) * 100 = 100/7 = 14^2/7 %
Similar questions