Profit and Loss Practice Test 2

Question : 12 of 40

Marks: +1, -0

Gopal purchased a box full of pencils at the rate of 7 for Rs. 9 and sold all of them at the rate of 8 for Rs. 11 . In the transaction, he gained Rs. 10. How many pencils did the box contain?

Validate

Solution:

For 1 pencil, C.P. = Rs.

9/7

; S.P. = Rs.

11/8

Gain =

11/8-9/7

= Re

5/56

Since, gain of Re.

5/56

for 1 pencil
Hence, gain of Rs. 10 for

56/5 ×10

= 112 pencils

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