Question

Hanif bought one box of 50 apples for ₹400. He sold all the apples at the rate of ₹10 each. Was there a profit or a loss? What was its percentage?​
[2 marks]

Answer 1

Total no. of apples in the box $=50$
Cost price of 50 apples = ₹400
Selling price of one apple = ₹ 10
Selling price of 50 apples = 10×50 = ₹ 500
(1 mark)

Since, S.P.>C.P. this is a profit. (1 mark)


Profit %=$\frac{S.P.-C.P.}{C.P.}\times 100$

$=\frac{500-400}{400}\times 100$

$=25\%$ (1 mark)