if pencils are purchased at the rate of rupees 3 per dozen and sold at the rate of 60 paise faltu pencils find the profit or loss on the sale of3 1/2 dozen of pencils
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4 pencils cost=60 paisa………..(Given)
Therefore cost of 1 pencil = 60/4=15paisa
2 1/2 dozen pencils = 30 pencils………(because 1 dozen= 12 units)
Therefore cost of 30 pencils = 30×15=450 paisa
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