Question

A man bought 80 mangoes at rs 1 each. 10 Of them could not be sold as they got rotten. He sold the remaining at rs 1.50 each. What was his profit or loss




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Answer 1

Answer:

25

Step-by-step explanation:

Number of mangoes bought = 80
Cost Price of each mango = 1 Rs
Total CP = 80*1 = 80 Rs.

Number of rotten mangoes = 10
Number of good mangoes = 80-10 = 70
Selling Price of each good mango = 1.5 Rs
Total SP = 70*1.5 = 105 Rs.

Profit = Total SP - Total CP = 105 - 80 = 25 Rs.