Question

Raman purchased 10 toys at the rate of Rs. 400 per toy. He sold each one of them at the rate of Rs. 55. What was his profit or loss?

Answer 1

Let say I am the toy seller.

I have invested ₹100 in toys. That is I have 25 number of toys in hand.

Now I am selling 8toys for ₹35. Means I am selling each toy for ₹35/8=₹4.375

If I have sell all 25 invested toys I will get ₹(4.375)*25 = 109.375.

Let me remove my invested money of ₹100.

Profit for ₹100 is ₹9.375

Hence my profit percentage is 9.375%

Answer 2

Profit

He made profit of Rs 150