Question
Download Solution PDFX bought 5 pencils at ₹ 24 and sold 4 of them at 20. His profit or loss percentage is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
X bought 5 pencils at ₹24 and sold 4 of them at ₹20.
Formula used:
Profit or Loss Percentage = (Profit or Loss / Cost Price) × 100
Calculation:
Cost Price of 1 pencil = ₹24 ÷ 5 = ₹4.8
Cost Price of 4 pencils = ₹4.8 × 4 = ₹19.2
Selling Price of 4 pencils = ₹20
Profit = Selling Price - Cost Price = ₹20 - ₹19.2 = ₹0.8
Profit Percentage = (Profit ÷ Cost Price) × 100
⇒ Profit Percentage = (₹0.8 ÷ ₹19.2) × 100
⇒ Profit Percentage = 4.1666%
∴ The correct answer is option 2 (Profit 4(1/6) %).
Last updated on Jun 5, 2025
-> The BSSC Group D Written Test Response Sheet has been released at the official portal.
-> The examination was conducted on 11th May 2025.
-> The selection will be based on the performance of Written Test and Document Verification.