Question

A boy purchases 8 kitkat chocolates for rs. 10 and sells 10 kitkat chocolates for rs.8. How much profit or loss does he make?

Answer 1

Answer:

Loss of 36 %

Step-by-step explanation:

He purchases 8 chocolates for Rs. 10

Therefore,

CP of each chocolate = 10/8 = Rs. 1.25

He sells 10 chocolates for Rs. 8

Therefore,

SP of each chocolate = 8/10 = Rs. 0.80

Hence, CP > SP

This implies that it is a loss.

Loss = CP - SP = 1.25 - 0.80 = Rs. 0.45

Loss% = (Loss / CP) × 100

Loss% = (0.45 / 1.25) ×100

Loss% = 36 %