Question

A girl buys 4 chocolate for Rs. 3 and sells them at 5 chocolates for Rs. 4. How much percentage loss or gain does she make?
1. Gain \(6 \frac{2}{3}\)% 
2. Loss \(6 \frac{2}{3}\)%
3. Loss 2%
4. Gain 2%

Answer 1

Correct Answer - Option 1 : Gain \(6 \frac{2}{3}\)% 

Given:

A girl buys chocolates at 4 for Rs. 3 and sells them at 5 for Rs. 4.

Concept:

This problem can be easily solved by equating number of chocolates.

Calculations:

So, cost price of 20 chocolate = Rs. 15

And, the selling price of 20 chocolate = Rs. 16

Then, profit = Rs. (16) - (15) = Rs. 1

∴ The profit percentage = [(1)/(15) × 100]% = ​6(2/3)​%.