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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 ?


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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%


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