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CBSE Class 8 Answered

By selling 8 dozen pencils a shopkeeper gain the selling price of 1 dozen pencils. find his gain percent.  
Asked by gspublicschool | 10 Oct, 2018, 07:17: AM
answered-by-expert Expert Answer
 
Let the Selling Price of one dozen pencils = Rs. x

Selling Price of 8 dozen pencils = Rs. 8x

Profit = Selling Price of one dozen pencils = x

Cost Price of 8 dozen pencils = 8x - x = 7x 

Gain% = Profit% = begin mathsize 16px style fraction numerator Profit space or space Gain over denominator straight C. straight P end fraction cross times space 100 end style
After substituting the values, we get

Gain% = 14.28%
Answered by Yasmeen Khan | 10 Oct, 2018, 09:24: AM
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