Question

Madan spends an amount to buy 20 toys and then sells 16 toys in that amount. His profit percentage is​

Answer 1

Answer:

​ 20%

Step-by-step explanation:

Madan spends an amount to buy 20 toys and then sells 16 toys in that amount. His profit percentage is 20%

Answer 2

Answer:

Cost price of article = Rs. 15,500

Cost of repair = Rs. 450

∴ Total cost of article = Rs. (15500+450) = Rs. 15,950

Profit on selling article =15%

∴ Profit (Rs.) = 15/100×15,950=2392.5

Selling Price = Cost Price + Profit

∴ Selling Price = 15950+2392.5=Rs.18342.5