Manoj brought some red pencil at 9. for ₹ 10 and an equal number of blue pencil at 11 for ₹10 if all pencil are sold at 10 for ₹10. find the loss % or gain %. answer is 1 please answer me
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1 % Loss ,If Equal Pencils of Red & Blue bought at 9. for ₹ 10 & 11 for ₹10 respectively and sold at 10 for ₹10
Step-by-step explanation:
Let say Manoj bought 99P Red Pencil & 99P Blue Pencil
Cost Price of Red Pencils = 99P * 10/9 = 110P
Cost Price of Blue Pencils = 99P * 10/11 =90P
Total Cost Price = 110P + 90P = 200P
Total Pencils = 99P + 99P = 198P
Selling Price = 198P * 10/10 = 198P
Selling Price < Cost Price
=> Loss = 200P - 198P = 2P
Loss % = (2P/200P) * 100 = 1 %
1 % Loss
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