Mr. Smith buys pencils at $ 250 per hundred and sells each at $ 1.75. Find his loss or profit.
Answers
Answered by
2
Loss
Step-by-step explanation:
250/100 =2.50
1.75×100=175
250>175
Therefore there is a loss
Answered by
4
Answer:Loss=30%
Step-by-step explanation:
Cp of 100 pencils=$250
Sp of 100 pencils=$1.75*100
=$175
Loss=Cp-Sp
=$250-$175
=$75
L%=75*100/250
=75*2/5
=15*2
=30%
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