Question

Vikram bought pencils at 5 for ₹ 24 and sold them at 4 for ₹ 20. Find his profit or loss percentage.

Answer 1

Answer:

cost of 5 pencils = 24

cost of one pencil=24/5= 4.8

cost  of 4 pencils=4.8*4=19.2

sp of 4 pencils=20

profit=0.8

profit%=0.8/19.2 *100=4.16%