Question

Mr Smith buys pencil at rupees 250 per hundred and sells it at rupees 1.75 find his loss or profit

Answer 1

Cost price of 100 pencils = ₹250 
Selling price of 1 pencil= 1.75 
Selling price 100 pencils = 1.75* 100 
= 175 
CP>SP 
Lose = 250-175=75 
Lose% = L/Cp*100 
=75/250*100 
=30%