Practicing Success
A shopkeeper bought pens at the rate of ₹1,350 for 15 dozen pens and sold them at the rate of ₹495 for 5 dozen pens. His percentage profit or percentage loss is : |
Profit 10% Profit 15% Loss 15% Loss 10% |
Profit 10% |
Cost price of 15 dozen pens = 1350 One dozen = 12 quantities Cost price of a pen = \(\frac{1350}{13 × 12}\) = 7.5 Selling price of a pen = \(\frac{495}{4 × 12 }\) = 8.25 Profit % = \(\frac{(8.25 - 7.5)}{7.5}\) × 100 = 10% |