Question

A man bought some toys at the rate of 10 for Rs. 40 and sold them at 8 for Rs. 35. Find his gain or loss percent.

Answer 1

Answer:

Step by step explanation:

C.P=40/10=4

S.P=35/8

profit =S.P-C.P

=35/8-4

=3/8

Profit percentage =S.P-C.P/C.P×100

=3/8/4×100

=3/32×100

=9.375

Answer 2

Answer:

Gain percent of man = 9.375 % (approx.)

Explanation step by step :

Step 1. Cost price of 10 toys =  Rs 20

cost price of 1 toy = \frac{40}{10}= Rs 4

cost price of 8 toys = 4\times  8 = Rs 32

selling price of 8 toys = 35

since SP is greater than CP so

Profit =SP-CP

= 35-32

= Rs 3

profit percentage = \frac{profit}{cost price}\times 100

= \frac{3}{32}\times 100

 = 9.375 % approx

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