Related Question 5
A man buys 8 pens for Rs. 9 and sells 9 pens for Rs. 8. What is his profit or loss percent?
-
A.
20.98% profit
-
B.
20.98% loss
-
C.
20.89% profit
-
D.
20.89% loss
Correct Answer: B
Explanation:
Comparing the unit cost and the selling price gives a loss ≈ 20.98%.