A man buys 5 apples for Rs 3 and sold them for Rs 1.20 each .what was his loss or gain %
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Answer:
Gain:-100%
Step-by-step explanation:
C.P. of 5 apples = ₹ 3
S.P. of 5 apples = ₹ 1.20 × 5 = ₹ 6
Since, SP > CP. There is a profit.
Profit = ₹ 6 - ₹ 3 = ₹ 3
Profit% = Profit/CP × 100
= 3/3 × 100
= 100 %
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