Mr Panwar buys pencils at Rs.250 per hundred pencils and sells each at Rs.1.75 find his loss or profit percent

5 answers

Cost price = 250 per 100 pencils
= 250/100 per pencil
= 2.5 per pencil

Selling Price = 1.75 per pencil

=> (SP/CP)*100 = ((1.75)/(2.5))*100
= 70%

Since the selling price is 70% of the cost price, he loses (100-70)% = 30%
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Cost = $250/100 = $2.50/pencil.

Loss = 2.50 - 1.75 = $.75/pencil.

(0.75/2.50) * 100% = 30% Loss.
C.P of 100 Pencils is 250/100
so cost of 1 pencil is 2.50
S.P of 1 pencil is 1.75
so Mr.Panwar loses 0.75 each pencil
commercial mathematics
I didn't understand it