Shyam buys some chocolates at 2 for a rupee and sells them at 5 for a rupee. His loss percent is:
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c.p. of 2 chocolate=₹1 (given)
c.p. of 1 chocolate =1/2=₹0.50
s.p. of 5 chocolate =₹1 (given)
s.p. of 5 chocolate = 1/5=₹0.20
since,c.p.>s.p.,it is a loss,
Loss=c.p.-c.p.
=₹(0.50-0.20)
=₹0.30
Loss%=loss/c.p.*100
=0.30/0.50*100
=3/5*100
=60%
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