A stationery vendor bought $500$ pencils at a total price of $\$300$ and sells the pencils at \(

Question

A stationery vendor bought $500$ pencils at a total price of $\$300$ and sells the pencils at $\$1.00$ each. Find the cost of each pencil, the profit as a percentage of the cost for each pencil (Correct your answer to $3$ significant figures), the number of pencils he has to sell to avoid making a loss, total amount of profit if all the pencils are sold, If $27$ of the pencils are damaged, which cannot be sold, find the new selling price of each pencil if the vendor intends to keep the same amount of profit. Round your answer to the nearest cent.

Accepted Answer

(i) $0.60$ dollars (ii) $66.7\%$ to $3$ significant figures (iii) $300$ pencils (iv) $200$ dollars (v) $1.06$ dollars

Percentages involving Finances: Profit and Loss

Percentages involving Finances: Profit and Loss

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