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Banlam

· started a discussion

· 1 Months ago

Topic test 1 (Profit and loss) (Question:906369.0)

I don't understand the answer regarding to question number 3

Question:
A man bought pencils at the rate of 6 for Rs.4 and sold them at a rate of 4 for Rs.6. His gain percentage in the transaction is-
Options:
A) 75%
B) 80%
C) 125%
D) 100%
E) None of these
Solution:

Knowledge Expert

· commented

· 1 Months ago

Dear student
Here is the explanation;
C.P of 6 Pencils = Rs.4
C.P of 1 Pencil = 4/6= Rs. 2/3
S.P of 4 Pencils =6
S.P of 1 Pencil = 6/4=Rs.3/2
Gain%= S.P-C.P/C.P ×100
= (3/2-2/3)/(2/3)×100
=125%

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