Harbhajan bought a case of 10 pencils for Rs 12.50 each pencil . He sold them at the rate of 5 pencils for rs 45 .Find profit or loss.
Answers
➤ Given :-
Total pencils bought :- 10
Cost price of each pencil :- ₹ 12.50
Selling price of 5 pencils :- ₹ 45
➤ To Find :-
Profit or loss obtained by Harbhajan
➤ Solution :-
First, we should find the selling price of each pencil
Selling price of each pencil :-
Now, we have :-
Selling price of each pencil :- ₹ 9
Cost price of each pencil :- ₹ 12.50
So, we should find the cost price and selling price of 10 pencils
Cost price of 10 pencils :-
Selling price of 10 pencils :-
Here, the cost price is greater than selling price, so we have obtained with loss
Total loss obtained :-
The total loss obtained for while selling the pencils is ₹ 35.
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Some related formulas :-
Profit percentage :-
Loss percentage :-
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More to know :-
- Profit and loss are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The discount is obtained when the cost price is greater than selling price. The profit and discount can also be converted into percentage format by some mathematical formulas.
- To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
- To convert the discount to percentage form, first we should divide the loss and cost price and then multiply by 100.
Step-by-step explanation:
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