Question

A shopkeeper bought 16 rocket at the rate of rupee 3.5 per rocket out of them 4 we're spliled before selling rest he sold at rupee 5 per rocket. find how much profit and loss percent occurred in this transaction ?​

Answer 1

Cost Price = ₹ 3.5×16 = ₹ 56

Selling Price = ₹ 5×(16-4) = ₹ 5×12 = ₹ 60

Profit = ₹ 60 - ₹ 56 = ₹ 4

$profit \: percentage = \frac{profit}{cost \: price} \times 100\%$

$= \frac{4}{56} \times 100\%$

$= \frac{100}{14}\%$

$= 7.14\%$

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