Kabir buys eggs at the rate of 5 for rs 3 and sells them at 75 paisas each find the percentage gain or loss
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Step-by-step explanation:
Rate of 5 = 3
Rate of 5 in paisa = 3×100 = 300
Rate of 1 in paisa = 300/5 = 60
CP of one egg is 60 paisa
SP of 1 egg = 75 paisa
SP of 5 egg = 75×5 = 375 paisa
Profit = SP - CP
= 375-300
= 75
Profit % = (75/300)×100 = 75/3 = 25
Gain of 25% by selling eggs
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