Mr Panwar buys pencils at Rs.250 per hundred pencils and sells each at Rs.1.75 find his loss or profit percent
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%
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
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I didn't understand it
To find the profit or loss percent, we need to calculate the cost price (CP) and selling price (SP) of the pencils.
Given:
CP of 100 pencils = Rs. 250
SP of 1 pencil = Rs. 1.75
First, let's calculate the CP of 1 pencil:
CP of 1 pencil = (CP of 100 pencils) / 100
CP of 1 pencil = 250 / 100
CP of 1 pencil = Rs. 2.50
Now, we can compare the CP and SP to determine if there is a profit or loss:
If SP > CP, it will be a profit.
If SP < CP, it will be a loss.
In this case, SP = Rs. 1.75 and CP = Rs. 2.50.
Since SP < CP, it means there is a loss.
Loss = CP - SP
Loss = Rs. 2.50 - Rs. 1.75
Loss = Rs. 0.75
Now, let's calculate the loss percentage:
Loss percentage = (Loss / CP) x 100
Loss percentage = (0.75 / 2.50) x 100
Loss percentage = 0.3 x 100
Loss percentage = 30%
Therefore, Mr. Panwar incurs a loss of 30%.