Question

A man bought apples at 10 for Rs.75 and sold them at Rs.75 per dozen.Find his loss per cent.

Answer 1

Cost Price of 1 apple = Rs 75 ÷ 10 = Rs 7.50

Selling Price of 1 apple = Rs 75 ÷ 12 = Rs 6.25

Loss = Rs 7.50 - Rs 6.25 = Rs 1.25

Percentage loss = 1.25/7.5 x 100 = 16.67% (nearest hundredth)

Answer: 16.67%

Answer 2

the loss will be RS.15