Question

A shopkeeper buys some chewing gums from a wholesale dealer at rs.1 for five pieces. then he sells it to the customers at rs.1 for four pieces. what is the profit percent?​

Answer 1

Answer:

Profit Percentage is 25 %.

Step-by-step explanation:

Given:

Cost Price, CP of 5 chewing gum = Rs. 1

Selling Price, SP of 4 chewing gum = Rs. 1

To find: Profit Percentage.

Cost price of 1 chewing gum = Rs. 1/5

Selling Price of 1 chewing gum = Rs. 1/4

Profit amount = 1/4 - 1/5 = (5-4)/20 = Rs. 1/20

$Profit=\frac{Profit\:Amount}{CP}\times100$

$Profit=\frac{\frac{1}{20}}{\frac{1}{5}}\times100$

$Profit=\frac{5}{20}\times100$

$Profit=\frac{100}{4}$

$Profit=25$

Therefore, Profit Percentage is 25 %.

Answer 2

Step-by-step explanation:

Profit Percentage is 25 %.

Step-by-step explanation:

Given:

Cost Price, CP of 5 chewing gum = Rs. 1

Selling Price, SP of 4 chewing gum = Rs. 1

To find: Profit Percentage.

Cost price of 1 chewing gum = Rs. 1/5

Selling Price of 1 chewing gum = Rs. 1/4

Profit amount = 1/4 - 1/5 = (5-4)/20 = Rs. 1/20

Profit=ProfitAmountCP×100Profit=\frac{Profit\:Amount}{CP}\times100Profit=

CP

ProfitAmount

×100

Profit=12015×100Profit=\frac{\frac{1}{20}}{\frac{1}{5}}\times100Profit=

5

1

20

1

×100

Profit=520×100Profit=\frac{5}{20}\times100Profit=

20

5

×100

Profit=1004Profit=\frac{100}{4}Profit=

4

100

Profit=25Profit=25Profit=25

Therefore, Profit Percentage is 25 %.