Question

Hanif bought one box of $50$ apples for $Rs400$. he sold all the apples at the rate of $Rs10$ each. Was there a profit or loss? What was its percentage?

Answer 1

Total no. of apples in the box $=50$

Cost price of $50$ apples $=Rs.400$

Selling price of one apple $=Rs.10$

Selling price of $50$ apples $=10\times 50=Rs.500$

Since $S.P.>C.P.$

Therefore,

Profit $\%=\frac{S.P.-C.P.}{C.P.}\times 100=\frac{500-400}{400}\times 100=\frac{100}{4}=25\%$