Question

Ravi buys some toffees at 2 for a rupee and sells them at 5 for a rupee. His loss percent is

Answer 1

Given :

Ravi buys some toffees at 2 for a rupee and sells them at 5 for a rupee

To Find :

His loss percent is

Solution:

Cost price of 2 toffees = Re.1

Cost price of 1 toffee =$\frac{1}{2}=0.5$

SP of 5 toffees = Re.1

SP of 1 toffee = $\frac{1}{5}=0.2$

CP>SP

So, Loss

$Loss\% = \frac{CP-SP}{CP} \times 100\\Loss\% = \frac{0.5-0.2}{0.5} \times 100\\Loss\%=60\%$

Hence The loss % is 60%