By selling 8 dozen pencils,a shopkeeper gains the selling price of one dozen pencils.Find the gain percentage.Please also answer with steps. Thanx:)
Answers
Answered by
18
Let x be the sp of 1 dozen pencils. On selling 8 dozen pencils he gains x rupees.
Cp = cost price = 8x
Sp = 8x+x
Gain is when sp > cp
Gain= sp-cp= x
Gain % = gain/ cp ×100
= x/8x ×100
= 100/8
=12.5%
Similar questions