Question

Choose the correct answer
A street seller sells 2 Chinese toys at the cost price of 3 toys. What is the profit percent
earned by him?​

Answer 1

Answer:

He earned 50%

Step-by-step explanation:

Let cost price of 1 Toy be x

CP of 2 = 2x

Since he sells 2 at CP of 3 (Given)

SP of 2 = 3x

Gain/Loss% = Gain or Loss/CP *100

G% = SP-CP/CP *100

      =x/2x*100

      =100/2

      =50%

Answer 2

The profit percentage earned by him is 50%

Given : A street seller sells 2 Chinese toys at the cost price of 3 toys.

To find : The profit percent earned by him.

Solution :

We can simply solve this mathematical problem by using the following mathematical process. (our goal is to calculate the profit percentage)

Let, cost price of 1 toy = Rs. x

So, cost price of 3 toys = 3 × x = Rs. 3x

Now, the selling price of 2 toys = cost price of 3 toys = Rs. 3x

Selling price of 1 toy = Rs. 3x/2

Profit amount :

= Selling price of 1 toy - Cost price of 1 toy

= 3x/2 - x

= (3x-2x)/2

= Rs. x/2

Profit percentage :

= 100 × (Profit amount/Cost price of 1 toy)

= 100 × (x/2 ÷ x)

= 100 × (x/2 × 1/x)

= 100 × 1/2

= 50%

(This will be considered as the final result.)

Hence, the profit percent earned by him is 50%