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Sunil buys 6 pens for Rs. 10 and sells them at a price of Rs. 6 for 4. What percentage is the loss or gain for Sunil?
Question

Sunil buys 6 pens for Rs. 10 and sells them at a price of Rs. 6 for 4. What percentage is the loss or gain for Sunil?

A.

10 percent gain

B.

10 percent loss

C.

12 percent loss

D.

12 percent gain

Correct option is B

Sunil buys 6 pens for Rs. 10 and sells them at a price of Rs. 6 for 4 pens.

Cost Price (CP) of 6 pens = Rs. 10

Selling Price (SP) for 4 pens = Rs. 6 => SP for 1 pen = Rs. 1.5

So, SP for 6 pens = 1.5 × 6 = 9
Loss = CP - SP = 10 − 9 = 1
Loss %=110×100=10%\text{Loss \%} = \frac{1}{10} \times 100 = 10\%​​

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