I bought 3 candies for a rupee and sold two candies for re 1. What is the profit or loss %?
Answers
Answered by
2
hey mate here is your answer
candies bought for ₹1 = 3
cost of 1 candy will be = 100/3 = 33.33 ( ₹1= 100 paise)
sold 2 candies for ₹ 1
selling price of 1 candy = 100/2 = 50. ( same as above case)
selling price > cost price which means it is profit
profit = sp - cp
= 50 - 33.33
= 17.77
profit % = profit / cp x 100
= 17.77/ 33.33 x 100
= 53.31 %
candies bought for ₹1 = 3
cost of 1 candy will be = 100/3 = 33.33 ( ₹1= 100 paise)
sold 2 candies for ₹ 1
selling price of 1 candy = 100/2 = 50. ( same as above case)
selling price > cost price which means it is profit
profit = sp - cp
= 50 - 33.33
= 17.77
profit % = profit / cp x 100
= 17.77/ 33.33 x 100
= 53.31 %
Similar questions