Mariyam bought some Black Pencils at the rate of Rs.5 per 9 pencils and an equal number of coloured pencils at the rate of Rs.5 per 11 pencils. If she sold all the pencils at the rate of Rs.5 per 10 pencils, the gain or loss percent is
A
No gain no loss
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B
gain 1%
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C
loss 10%
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D
loss 1%
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Solution
The correct option is C loss 1% Cost of 1 black pencil =59 Cost of 1 coloured pencil =511 Total cost of 1 black and 1 colured pencil =59;511=55+4599=10099 SP of 2 pencil =510×2=1 Loss %=10099−110099×100=199×99100×100 =1%