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A vendor buys pencils at Rs 25 per dozen...

A vendor buys pencils at Rs 25 per dozen and sells them at a rate of 5 pencils for Rs 12. Find his gain or loss percent?
A)15.2% gain
B)15% gain
C)15.2% loss
D)15% loss

A

15.2% gain

B

15% gain

C

15.2% loss

D

15% loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of finding the gain or loss percent for the vendor who buys and sells pencils, we can follow these steps: ### Step 1: Calculate the Cost Price (CP) for 60 pencils The vendor buys pencils at Rs 25 per dozen. Since a dozen contains 12 pencils, we first find the cost for 60 pencils. \[ \text{Cost Price (CP) for 12 pencils} = Rs 25 \] \[ \text{Cost Price (CP) for 60 pencils} = \left(\frac{60}{12}\right) \times 25 = 5 \times 25 = Rs 125 \] **Hint:** To find the cost for a different number of pencils, scale the cost of a dozen accordingly. ### Step 2: Calculate the Selling Price (SP) for 60 pencils The vendor sells pencils at a rate of 5 pencils for Rs 12. We need to find out how much he earns from selling 60 pencils. \[ \text{Selling Price (SP) for 5 pencils} = Rs 12 \] \[ \text{Selling Price (SP) for 60 pencils} = \left(\frac{60}{5}\right) \times 12 = 12 \times 12 = Rs 144 \] **Hint:** To find the selling price for a different number of pencils, scale the selling price for the given quantity. ### Step 3: Calculate the Profit Now, we can find the profit by subtracting the cost price from the selling price. \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} = 144 - 125 = Rs 19 \] **Hint:** Profit is simply the difference between selling price and cost price. ### Step 4: Calculate the Gain Percent To find the gain percent, we use the formula: \[ \text{Gain Percent} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] \[ \text{Gain Percent} = \left(\frac{19}{125}\right) \times 100 = 15.2\% \] **Hint:** Gain percent is calculated by dividing profit by cost price and multiplying by 100. ### Conclusion The vendor has a gain of 15.2%. Therefore, the correct answer is: **A) 15.2% gain**
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