LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
19 views
in Aptitude by (53.7k points)
closed by
A man buys 10 pens for Rs. 15 and sells them at the rate of Rs. 2 per pen. His gain/loss percentage is
1. 33.33% profit
2. 25% profit
3. 33.33% loss
4. 11.11% loss

1 Answer

0 votes
by (30.0k points)
selected by
 
Best answer
Correct Answer - Option 1 : 33.33% profit

Formula used:

Profit = SP - CP

Profit % = (Profit/CP) × 100

Here, SP → Selling price, CP → Cost price

Calculation:

A man buys 10 pens for Rs.15

Cost of 1 pen = 15/10 = Rs. 1.5

Selling price of 1 pen = Rs. 2

Profit = SP - CP = 2 - 1.5 = Rs. 0.5

Profit % = (Profit/CP) × 100

⇒ (0.5/1.5) × 100 = 33.33%

∴ The profit percent is 33.33%

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...