A shopkeeper purchased 200 bulbs for ₹10 each. However, 5 bulbs were fused and had to be thrown away. The remaining were sold at ₹12 each. Find the gain or loss percentage.

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Solution

Solution:
Number of bulbs bought = 200 $\div$ 10 = 20
Number of bulbs sold = 20 - 5 = 15
Cost of selling = 12 $\times$ 15 = ₹180
Loss = ₹200 - ₹180 = ₹20
Loss percentage = (20/200) x 100% = 10%

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