Question

Ravi buys some toffees at 5 for a rupee and sells them at 2 for a rupee. His gain percent is

1. 30%
2. 40%
3. 50%
4. 150%

Answer 1

(4) 150%

we know that the CP of 1 toffee = ₹1/5

SP of 1 toffee = ₹1/2

Since SP is more than CP it’s a Gain

Gain = SP – CP

= ½ – 1/5

= 3/10

∴ Gain% = (Gain × 100) /CP

= ((3/10) × 100) / (1/5)

= 150%