Question

A vendor buys chikoos at 15 for Rs 8 and then sells at 10 for Rs 6. What will be the result?

A) 12.5 percent loss B) 11.11 percent gain C) 12.5 percent gain D) 11.1 percent loss

Answer 1

Answer:

Step-by-step explanation:

C.P of 15 Chikoos=Rs.8

C.P of 1 chikoo=Rs.8/15

S.P of 10 Chikoos=Rs.6

S.P of 1 chikoo=Rs.6/10

Profit=S.P-C.P.

=6/10-8/15

=1/15.

Profit%=(profit/C.P)*100.

= ( (1/15)/(8/15) )*100

= 12.5

Answer is 12.5% gain.