Question

A grocer buys eggs at 10 for Rs 8 and sells at 8 for Rs 10. Find his profit or loss percent. ​

Answer 1

Answer:

56.25%

Step-by-step explanation:

Cost of buying 10 eggs = 8

Cost of buying 1 egg = 8 ÷ 10

Cost of buying 8 eggs = (8 ÷ 10) × 8 = 6.4

∴ CP = 6.4

SP(for 8 eggs) = 10

P = SP - CP = 10 - 6.4 = 3.6

P% = (P ÷ CP) × 100 =(3.6 ÷ 6.4) × 100 = 56.25%