Question

If a man buys 11 guavas a rupee and sells 100 guavas at Rs. 11 , find out his profit or

loss percent?
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Answer 1

Answer:

bought

11 apples for Rs. 10

hence cost price of one apple =Rs. 10/11

sold:

10 apples for Rs. 11

hence selling price of one apple=Rs. 11/10.

gain=selling price - cost price

10*(11/10) +1 unsold apple - 11*(10/11)

= Rs.1 +1 unsold apple

if we sell the remaining apple then the total gain will be Rs. 2.1