Question

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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Answer 1

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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