Peter buys pencils at 25 for $200 and sells them at 8 for 248. Find the profit or loss per cent.
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Step-by-step explanation:
Number of pencils Mohon bought is 25
Cost price of pencils is 25 ps
Total cost price of pencils is 25×25=625 ps
Mohon lost 10 pencils
So total number of pencils he has is 25−10=15 ps
Selling Price of each pencil is 60 ps
Total selling price of pencils is 15×60=900
Gain is 900−625=275 ps
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