Question

Shivam bought $30$ pencils for $Rs.80$ and sold them each for $Rs.5$. What was profit or loss.

Answer 1

No. of pencils shivam bought = 30

cost of 30 pencils = Rs 80

selling price of each pencil = Rs 5

Total selling priced 30 pencils = $5\times 30=Rs150$

$\therefore$ Profit = Rs 150 - Rs 80 = Rs 70