Question

Arjun buys a toy at Rs 100 and sells it at Rs 130. Amin buys the same toy at Rs 130 but sells it at Rs 100. What are the respective profit/loss per cent for the two persons?


16.7%, 23.08%

30%, 16.7%

30%, 23.08%

16.7%, 16.7%

Answer 1

Answer:

20%

Step-by-step explanation:

Answer 2

Respective profit/loss per cent for the two persons are 30%, 23.08%.

Given:

Arjun buys a toy at Rs 100 and sells it at Rs 130. Amin buys the same toy at Rs 130 but sells it at Rs 100.

To find:

What are the respective profit/loss per cent for the two persons?

Solutions:

We have to calculate profit/loss percent for both situations separately

First we will calculate profit/ loss percent for Arjun

CP for Arjun = 100

SP for Arjun = 130

As SP is more than CP, there is a profit in the case of Arjun

Now, we will calculate profit and profit percent

Profit = SP - CP

= 130 - 100

= 30

Profit % = Profit/CP * 100

= 30/100 * 100

= 30%

No, we will calculate profit/ loss percent for Amin

CP for Amin = 130

SP for Amin = 100

As, CP is more than SP, there is loss

Now, we will calculate loss and loss percent

Loss= CP -SP

= 130 - 100

= 30

Loss % = loss / CP * 100

= 30/130 * 100

= 23.08%

Hence, answer is 30%, 23.08%.

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