Question 70

A vendor buys chikoos at 15 for Rs 8 and then sells at 10 for Rs 6. What will be the result?

Solution

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 = $$\frac{6}{10} - \frac{8}{15} = \frac{18 - 16}{30} = \frac{1}{15}$$

$$\therefore$$ Profit % = $$\frac{\frac{1}{15}}{\frac{8}{15}} \times 100$$

= $$\frac{100}{8} = 12.5\%$$

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