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Question 60
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?
Solution
The vendor buys 4 pens for Rs. 5
=> Cost price of 1 pen = $$\frac{5}{4}$$ = Rs 1.25
He sells 4 pens for Rs. 3
=> Selling price of 1 pen = $$\frac{3}{4}$$ =Â Rs 0.75
$$\because$$ Selling price is less than Cost price, the vendor suffers a loss
=> Loss % = $$\frac{(1.25 - 0.75)}{1.25} \times 100$$
= $$\frac{2}{5} \times 100 = 40\%$$
=> Ans - (D)
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