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Question

A vendor bought 120 sweets at 20 p each. In his house, 18 were consumed and he sold the remaining at 30 p each. Find his profit or loss as percent.

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Solution

Step 1: Find C.P. of sweets

Given: Number of sweets bought =120

Cost of one sweet =20 p

⇒ C.P. of 120 sweets (in ₹) =₹ 120×20100

=₹ 24

Step 2: Find S.P. of sweets sold

Given: Number of sweets consumed =18

⇒ Number of sweets sold =120-18

=102

⇒ S.P. of 102 sweets (in ₹) =₹102×30100

=3060100
=₹ 30.60
Step 3: Find the profit/loss as percent

Since S.P. > C.P.

∴ Profit (in ₹) = S.P. – C.P.

=₹ 30.60-₹ 24

=₹ 6.60

Profit percent =GainC.P.×100

=6.6024×100
=66024

=552
=27.5
Hence, the profit as a percent is 27.5%.


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