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Prices / Charges Related to Buying and Selling

A student buy...

Question

A student buys 3 pencils for Rs.4 and sells all at for Rs.5. His gain or loss % is

A

5 % loss

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B

25 % gain

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C

6.25 % gain

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D

6.25 % loss

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Solution

The correct option is B 25 % gain
$P r o f i t % = \frac{s e l l i n g p r i c e - b u y i n g p r i c e}{b u y i n g p r i c e} \times 100$
$= \frac{5 - 4}{4} \times 100$
$= 25 %$

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