Question

A man buys toffees at 10 for 3 and sell them at 8 for R 3 find his gain percent

Answer 1

Answer:

CP of 10 toffees = 3

CP of 1 toffee = 3/10 = 0.3

SP of 8 toffee = 3

SP of 1 toffee = 3/8 = 0.375

SP > CP

Gain = 0.375 -0.300 = 0.075

Gain% = Gain/CP *100

= 0.075/0.300 × 100

= 25%