Question

A shopkeeper buy some toffees at Rs.2.50 per toffees . At what price should he sell to gain profit 20%

Answer 1

CP of 1 toffee = 2.50
SP = 20%
SP = CP × (100+GAIN%)/100
=> 2.50×120/100
=> 2.50×1.20
=> 3
Hence the required SP for 1 toffee is 3 Rs

Answer 2

He should sell for ₹7.50