Question

Mr.Smith bought 100 pencils
for ₹ 250 and sold each pencil for₹2.25 . Find out whether Mr.Smith made a profit or suffered a loss and by how much​

Answer 1

Answer:

Mr. Smith suffered a loss of ₹0.25(25 paise)

Explanation:

Cost of 100 pencils = ₹250

Cost per pencil = 250/100 = ₹2.5

Loss = 2.25 - 2.5 = ₹0.25(25 paise)