Question

Muiz bought 8 mangoes for 160 and sold each one for 25 . What was his percentage gain?

Answer 1

Answer:

CP of 8 mangoes=Rs.160

∴CP of 1 mango=Rs.20

SP of 1 mango=Rs.25

∴gain=Rs.(25-20)

         =Rs.5

∴Gain%=(5/20*100)%

            =20%