Correct Answer - Option 2 : 7.14%
Given:
Ramesh bought 5 chocolate for Rs. 2. And sold 7 chocolate for Rs. 3
Formula used:
Profit% = (S.P – C.P/C.P) × 100
Calculation:
Ramesh spend Rs.2 for 5 chocolate
And sold for Rs. 3 for 7 chocolate.
To compare we make chocolate equal.
Multiply C.P by 7
⇒ (2 → 5) × 7
⇒ 14 → 35
Multiply S.P by 5
⇒ (3 → 7) × 5
⇒ 15 → 35
⇒ profit = 15 – 14 = 1
⇒ profit% = (1/14) × 100 = 7.14%
∴ The profit% made by 7.14%.