Question

Mahesh sells 18 eggs at the price for which he bought 20 eggs. Find his profit or loss percentage.
1. 11 \(\frac{1}{3}\)% loss
2. 11\(\frac{1}{3}\)% profit
3. 11\(\frac{1}{9}\)% loss
4. 11\(\frac{1}{9}\)% profit

Answer 1

Correct Answer - Option 4 : 11\(\frac{1}{9}\)% profit

Given 

Manish sells = 18 eggs 

Formula used 

Profit% = [(article bought - article sell)/article sell] × 100 (when we consider article instead of Rs)

Calculation 

Profit % = [(20 - 18) × 100]/18 = 11\(\frac{1}{9}\)% profit

∴ The profit percentage is 11\(\frac{1}{9}\)% profit