A shopkeeper bought 100 glasses at rupees 16.50 each. 5 glasses among them were damaged if he sold rest glasses at rupees 18 each? What is his gain or loss find it in percentage.
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Answer:
3.63% profit
Step-by-step explanation:
He bought 100 glasses at 16.5 (ignore the zero at the end) each
So he spent 16.5*100 = 1650rs on them
He had 95 glasses left
So he got 18*95 = 1710 Rs after selling them
SP>CP, so it is a profit
Profit = 1710-1650 = 60
Profit % = P/CP*100
PRofit% = 60/1650*100
= 6/165*100
= 600/165
= 3.63% profit (approximately)
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