Question

Ashwin bought $20$ dozen hair clips at the rate of Rs. $8$ for $5$ hair clips and sold them at Rs. $10$ for $4$ hair clips. Find the gain or loss on the transaction and find his gain or loss percent.

Answer 1

Number of clips $=20dozens=20\times 12=240$

$CP=\frac{8}{5}\times 240=Rs384$

$SP=\frac{10}{4}\times 240=Rs600$

$Profit\%=\frac{600-384}{384}\times 100=56.25\%$