Question

12. A man makes a profit of 20% by selling sweets for 1960. What will be his profit or loss per
cent if he sells them for 7840?​

Answer 1

Answer:

profit 5%

Step-by-step explanation:

Case (i) Selling price of sweets = Rs 960

Profit % = 20  

Cost price = SP x (100) / (100+G)                = 960 x (100) / (100+20)                

= 800  

Therefore, cost price of the sweets = Rs 800  

Case (ii) Selling price of sweets = Rs 840

Cost price of the sweets = Rs 800  

Selling price of the sweets is more than the cost price.

Therefore, there is a profit.  

Profit = SP - CP

= 840 - 800

= Rs 40  

Profit % = (Profit/ C.p )×100                    

 = (40/800) x 100                      

    = 5 %