A grocer buy eggs at 10 for rs. 8 and sells at 8 for rs. 10. find his gain or loss percent.
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He will have profit by RS. 0.45.
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There is a gain in the transaction and the profit is 56.25 %.
Explanation:
10 eggs cost 8 rupees
1 egg costs 8/10 rupees
8 eggs sold at 10 rupees
1 egg solds at 10/8 rupees
So there is net profit
Profit = (10/8 - 8/10)/(8/10)
=(5/4-4/5)/(4/5)
=((25-16) /20) /4/5
=(9/20)(5/4)
=45/80
So profit in percentage = (45/80)x 100
= 56.25 %
Explanation:
10 eggs cost 8 rupees
1 egg costs 8/10 rupees
8 eggs sold at 10 rupees
1 egg solds at 10/8 rupees
So there is net profit
Profit = (10/8 - 8/10)/(8/10)
=(5/4-4/5)/(4/5)
=((25-16) /20) /4/5
=(9/20)(5/4)
=45/80
So profit in percentage = (45/80)x 100
= 56.25 %
genious2000:
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