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Some books were bought at rs 80 per score and sale at 60 per dozen find the gain or loss percent?
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Some books were bought at rs 80 per score and sale at 60 per dozen fin...
Understanding the Problem
To find the gain or loss percentage from buying and selling books, we first need to understand the costs involved.
Cost Price Calculation
- Books are bought at Rs 80 per score (which is 20 books).
- Therefore, the cost price (CP) per book is calculated as follows:
CP per book = 80 / 20 = Rs 4
Sale Price Calculation
- Books are sold at Rs 60 per dozen (which is 12 books).
- Hence, the sale price (SP) per book is calculated as follows:
SP per book = 60 / 12 = Rs 5
Calculating Gain or Loss
- Now, we find the gain per book:
Gain = SP - CP
Gain = 5 - 4 = Rs 1
Finding Gain Percentage
- The gain percentage is calculated using the formula:
Gain Percentage = (Gain / CP) * 100
Gain Percentage = (1 / 4) * 100 = 25%
Conclusion
- The final result shows that there is a gain of 25% when books are sold. Thus, the seller profits significantly from the transaction.
By understanding the cost price and sale price, we can easily calculate the gain percentage and make informed decisions in business transactions.
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Some books were bought at rs 80 per score and sale at 60 per dozen find the gain or loss percent?
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