USINESS MATHEMATICS
MATHEMATICS - C5
Ravi buys some taffees at 2 for a rupee and sells them at 5 for a rupee. His loss precent is
a) 120%
b) 90%
c) 30%
d) 60%
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LCM of 2 and 5 = 10
Let the number of toffees he bought be 10.
The cost price of 2 toffees = Rs. 1
Therefore, the cost price of 10 toffees = Rs. (10/2) = Rs. 5
The selling price of 5 toffees = Rs. 1
Therefore, the selling price of 10 toffees = Rs. (10/5) = Rs. 2
Loss = Rs. (5-2) = Rs. 3
Loss percent = (3/5 X 100) % = 60%
The answer is d) 60%
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