A vendor buys chikoos at 15 for Rs 8 and then sells at 10 for Rs 6. What will be the result?
The Vendor buys chikoos at 15 for Rs. 8
=> Cost price of 1 chikoo = Rs. $$\frac{8}{15}$$
The Vendor sells chikoos at 10 for Rs. 6
=> Selling price of 1 chikoo = Rs. $$\frac{6}{10}$$
=> Total profit = $$\frac{6}{10} - \frac{8}{15} = \frac{18 - 16}{30} = \frac{1}{15}$$
$$\therefore$$Â Profit % = $$\frac{\frac{1}{15}}{\frac{8}{15}} \times 100$$
= $$\frac{100}{8} = 12.5\%$$
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