lf a shopkeeper buys a pen rs.5 and sells it at rs.4 find his profit or loss persentage
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Step-by-step explanation:
Consider Rs. x as the C.P. of 7 pens
C.P. of 1 pen =Rs.x/7
Based on the question
S.P. of 5 pens =Rs.x
S.P. of 1 pen =Rs.x/5
Profit=S.P.–C.P.
Substituting the values
=x/7–x/5
Taking LCM
=(7x–5x)/35
=Rs.2x/35
We know that
Profit%=Profit/C.P.×100%
Substituting the values
=
x/7
2x/35
×100 %
It can be written as
=2x/35×7/x×100 %
By further calculation
=2/5×100 %
So we get
=2×20 %
=40 %
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