Question

Maya bought 20 pencils for rupees 50 and sold them at rupees 3
each.What was her profit or loss percent?

explain step by step

Answer 1

Answer:

Let the cost of one pencil be x

Then the cost of 20 pencil is 20x

We have,

20x=50

So

x=50/20

=2.5

Cost of one pencil is 2.5 rupees

So cost of 14 pencils is,

14×2.5=35

So cost of 14 pencils is 35 rupees

Answer 2

Answer:

at the prize =2.5

20×3 = 60

profit = 60-50 = 10

profit percentage = 10÷60×100 = 16%