Question

A shopkeeper purchased 500 pieces for 20 each. However, 50 pieces were spoiled in the way
and had to be thrown away. The remaining were sold at 25 each. Find the gain or loss%​

Answer 1

Answer:

500 piece

20 for each

CP= 500×20=10,000

50 piece were spoiled

so,500-50=450

25 for each

SP=450×25=11,250

SP>CP

So, it is profit

Profit=Sp-Cp

11,250-10,000

=1,250

P%=PROFIT/CP×100

1,250/10,000×100

=12.5℅ ANS