Vikram bought pencils at 5 for 24 and sold them ar 4 for 20. Find his profit or loss percentage.
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1
Answer:
4.16%
Step-by-step explanation:
CP OF 5 PENCILS = RS 24
1 PENCIL = 24/5 = 4.8 RUPPES
SP OF 5 PENCILS = RS 20
1 PENCIL = 20/5= 5 RUPPES
PROFIT % = SP-CP ×100
CP
5 - 4.8 × 100
4.8
0.2/4.8 × 100
1/24 × 100
25/6%
4.16%
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