Multiple choice

A man buys 20 pencils for Rs. 6 and sells 16 pencils for Rs. 6. Calculate his gain or loss percentage.

  1. 20

  2. 25

  3. 27

  4. 30

  5. NA
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

CP of 1 pencil = 6/20 = 0.3. SP of 1 pencil = 6/16 = 0.375. Profit = 0.375 - 0.3 = 0.075. Profit % = (0.075 / 0.3) * 100 = 25%.

AI explanation

The cost price of one pencil is Rs. 6 divided by 20, which equals Re. 0.30. The selling price of one pencil is Rs. 6 divided by 16, which equals Re. 0.375. Using the profit percentage formula of Profit divided by Cost Price multiplied by 100, we calculate 0.075 divided by 0.30 multiplied by 100 to achieve a 25% gain.

Keep practicing — related questions