if the cost price of 10 pencil is equal to the selling price of 8 pencil find profit and loss
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Answer:
profit equals to 2x where x is cost price of one pencil
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Answer:
25% profit
Step-by-step explanation:
Perform 10/8 * 100 and you'll get 125, which is the ratio in percentage of the selling price of 10 pencils to the cost price of 10 pencils. Meaning that the selling price of 10 pencils is 125% of the cost price of 10 pencils. 125 - 100 = 25%
If u didn't understand this way then tell me in the comments, however, i recommend u don't use this method in exams
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