Question

toffees were bought at 8 for rupees 15 and sold at 12 for rupees 18. Find the profit or loss percent .

Answer 1

cost price= 8×15=120
selling price= 12×18=216
s.p-c.p
216-120=96
profit of rs.96

Answer 2

The loss percent is 20%.

• Toffees were bought at 8 for Rs. 15
• Cost price of 1 toffee = Rs. 15/8 = Rs. 1.875
• Then the toffees were sod at 12 for Rs. 18.
• Selling price of 1 toffee = Rs. 18/12 = Rs. 1.5
• As the cost price is greater than the selling price , it is a loss.

Loss percent = $\frac{Loss}{Cost \ price}$ × 100

Loss = Cost price - Selling price = 1.875 - 1.5 = 0.375

• Now, loss percent = (0.375/1.875) × 100 = 20 %