Question

Manu bought 25 cakes for ₹600 and sold each cake for ₹18. Find his profit/loss percent.

• A. 25% profit
• B. 25% loss
• C. 20% profit
• D. 20% loss

Answer 1

The correct option is B 25% loss

Cost of 25 cakes = ₹600
$\therefore$ cost price of 1 cake = $\frac{600}{25}$ = ₹24
Given: Manu sells each cake at ₹18.
Selling price =₹18
Here, Selling price < Cost price.
Hence it is a loss
Loss = Cost price - Selling price
= 24 - 18 = ₹6

Loss% = $\frac{Loss}{costprice}\times 100$
= $\frac{6}{24}\times 100$ = 25%