Question

THABO BUYS 10 PENS AND SELLS FOR R5 EACH IF THE 10 PENS COST HIM R52 CALCULATE HIS PROFIT OR LOSS PER PEN

Answer 1

Selling price of 1 pen =5rs

Cost price of 10 pens=52rs

Cost price of 1 pen=52/10=5.2rs

Loss =cp-sp=5.2-5=0.2

Loss%=([(5.2-5)]\5.2)*100=0.2/5.2*100=2/52*100

=100/26=50/13=4.6%