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Q.

A man purchases 9 pens for Rs. 10 and sells them at the rate of  6 pens for Rs. 7. Then his profit / loss percentage is

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a

5% loss

b

5% profit

c

20% profit

d

1% profit

answer is B.

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Detailed Solution

C.P  of  one  pen=109

S.P of  one pen =76

 S.P>C.P=Profit

P%=PC.P×100

=76−109109×100

∴Profit=5%

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A man purchases 9 pens for Rs. 10 and sells them at the rate of  6 pens for Rs. 7. Then his profit / loss percentage is