a man bought pencils at 5 for Rs 20 and sold them at 6 for rupees 30 find the gain or loss percent
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a man bought pencils at 5 for Rs 20 and sold them at 6 for rupees 30 find the gain or loss percent
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Answer:
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Answer:
Gain percent of 25%
Step-by-step explanation:
He bought 5 for Rs.20/-
So, each pencil costs Rs.4/-
He sold at 6 for 30/-
So, each pencil sold at Rs.5/-
Gain = Sold price - Cost price
= 5 - 4 = 1/-
Gain percent = (Gain/Cost Price) * 100
= (1/4) * 100
= 25 %