Question

Ram buys 40 pencils for ₹ 80 and sells 30 of them for ₹ 90. Find his profit or loss percent.

• A. 50%
• B. 25%
• C. 62%
• D. 84%

Answer 1

The correct option is A

50%

CP of 40 pencils = ₹ 80
$\therefore$ CP of 1 pencil = $\frac{80}{40}$ = ₹ 2
SP of 30 pencils = ₹ 90
$\therefore$ SP of 1 pencil = $\frac{90}{30}$ = ₹ 3
Profit = 3 - 2 = ₹ 1
= $\frac{1}{2}\times 100$
= 50%