Question

A man buys toffees at 10 forRs 3 and sell them at 8 for rs 3,find his hain per cent

Answer 1

Find the cost price of 1 toffee:

10 toffees = Rs 3

1 toffee = 3 ÷ 10 = Rs 0.30


Find the selling price of 1 toffee:

8 toffees = Rs 3

1 toffee = 3 ÷ 8 = Rs 0.375


Find the gain:

Gain = Selling Price - Cost Price

Gain = 0.375 - 0.3 = Rs 0.075


Find the gain percentage:

Gain Percentage = gain/cost price x 100

Gain Percentage = 0.075/0.3 x 100 = 25%


Answer: The gain is 25%