Question

A shopkeeper buys toffees at 10 for ₹8 and sells at 8 for ₹10. Find his gain and loss percent. Step by step explanation. ​

Answer 1

Answer:

A shopkeeper buys toffees at the rate of 10 toffees for rupee's 8 and sells at the rate of 8 toffees for rupee's 10. His gain percent is 56.25%. SP is more than CP hence, profit occurred

Answer 2

Answer:

A shopkeeper buys toffees at the rate of 10 toffees for rupee's 8 and sells at the rate of 8 toffees for rupee's 10. His gain percent is 56.25%.

Step-by-step explanation:

Finding CP of 1 toffee :

10 toffees - ₹ 8

1 toffee - 8÷10 = ₹0.8

Finding SP of 1 toffee :

8 toffees - ₹10

1 toffee - 10÷8 = ₹ 1.25

SP is more than CP hence, profit occurred.

Finding Profit :

Profit = SP - CP

Profit = 1.25 - 0.8

Profit = ₹0.45

Finding Profit Percentage :

Profit Percentage = (Profit/CP)x100

Profit Percentage = (0.45/0.8) x 100

Profit Percentage = 56.25%

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