Question

Shyam buys some chocolates at 2 for a rupee and sells them at 5 for a rupee. His loss percent is:

Answer 1

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%