A vendor buys pens at the rate of 4 for Rs 5 and sells at the rate of 4 for Rs 3. What will be the result?
- A40 percent gain
- B66.6 percent loss
- C66.66 percent gain
- D40 percent loss
Solution & Step-by-step Explanation
Given:Cost Price (CP) of 4 pens = Rs 5Selling Price (SP) of 4 pens = Rs 3Since , there is a loss.
Now, calculate the loss percentage:
Therefore, the result is a 40 percent loss.
Now, calculate the loss percentage:
Therefore, the result is a 40 percent loss.