a balloon seller buys balloons at rs.5 for 7 and sells them at rs.7 for 5 .what is his gain per cent
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Answer:
96% profit
Step-by-step explanation:
CP of 7 balloons = ₹5
CP of 1 balloon = ₹5/7
SP of 5 balloons = ₹7
SP of 1 balloon = ₹7/5
Profit = SP - CP = ₹7/5 - ₹5/7 = (49-25) / 35 = ₹24/35
Profit % = 24/35 ÷ 5/7 × 100 = 96%
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96% profit is the right answer
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