Question

A man buys 5 apples for Rs 3 and sold them for Rs 1.20 each .what was his loss or gain %​

Answer 1

Answer:

76%

Step-by-step explanation:

• Given

1)He buys 5 apples

2)each for Rs.3

that is for 5 apples it is Rs.15

C.P(Cost price)=₹15

3)He sold each for Rs.1.20

that is for 5 apples it is Rs.3.6

S.P(Selling price)=₹3.6

• To find

Loss or gain %

• Solution

First we have to find is it loss or gain

We know that

C.P-S.P=loss

S.P-C.P=profit

Here,

C.P is more than S.P so it is a loss

Now,

find the loss

15-3.6=11.4

So, the loss is ₹11.4

Now,

find loss%

WKT,

Loss%=loss/C.P×100

=11.4/15×100=76

So,

The loss% is 76%

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