wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A lady bought 50 sweets at 20 paise each. In her house, 10 sweets were consumed. She sold the remaining sweets at 40 paise each. What was her gain or loss percent ?


Open in App
Solution

Step 1: To find the loss or gain percent.

Cost price of 50 sweets =50×20

=1000 paise

Selling price of remaining sweets =40×40

=1600

Step 2: Now find the gain percent as S.P.>C.P.

Gain percent =S.P.-C.P.C.P.×100

=1600-10001000×100

=6001000×100

=60%

Hence, there will be a gain of 60%


flag
Suggest Corrections
thumbs-up
20
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Profitability Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon