Question

50 chocolates were purchased at rs. 16.50 per piece and sold it at rs. 18.75. How much profit was earned​

Answer 1

Profit on one chocolate = 18.75 - 16.50 = 2.25

Profit on 50 chocolates = 2.25 * 50 = 112.5

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Answer 2

If the selling price is Rs 112, cost price = Rs 100. If the selling price is Rs 224, cost price = Rs (100/224) × 112 which is = Rs 200. ... Amount of discount is = Marked Price – Selling Price. In other words we can say that = (1500 – 1350) = Rs 150.