Samir bought some cricket balls at rs250 for 4 balls and sold them at rs340 for 5 balls find his gain or loss percent
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C.P of 4 balls = ₹ 250
C.P of 1 ball = ₹ 250/4 = ₹ 62.50
S.P of 5 balls = ₹ 340
S.P of 1 ball = ₹ 340/5 = ₹ 68
Here,
S.P > C.P
Hence,
Profit = S.P - C.P
Profit = ₹ 68 - ₹ 62.50 = ₹ 5.50
So,
Profit % = [ Profit/C.P ] × 100
Profit % = [ 5.50/62.50 ] × 100
Profit % = 44/5 % = 8 whole 4/5 %
Hence,
Profit % = 44/5 %
Hope this helps!
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