A stationary buys 1 dozen pencils for RS. 30,and sells them for RS. 3 each.
What is his loss or profit percentage on the transaction of these pencils?
The stationary buys 1 dozen pencils, which is equal to 12 pencils, for RS. 30.
Therefore, the cost price of each pencil is RS. 30/12 = RS. 2.5.
The stationary sells each pencil for RS. 3.
Therefore, the selling price of each pencil is RS. 3.
Profit or loss percentage can be calculated using the formula:
Profit or loss percentage = (Selling price - Cost price) / Cost price * 100
Profit or loss percentage = (3 - 2.5) / 2.5 * 100
Profit or loss percentage = 0.5 / 2.5 * 100
Profit or loss percentage = 0.2 * 100
Profit or loss percentage = 20%
Therefore, on the transaction of these pencils, the stationary will make a profit of 20%.