Question

A man purchased 80 apples for Rs. 10 each. However 5 apples were damaged during transportation and had to be thrown away. The remaining were sold at Rs. 12 each. Find the gain or loss percentage.

• A. 12.5% Profit
• B. 8.66% Loss
• C. 10.5% Profit
• D. 12% Loss

Answer 1

Answer:

A. 12.5% Profit

Total cost price of 80 apples = 80 × 10 = Rs. 800 Remaining apples = 80 – 5 = 75 Selling price of 75 apples = 75 × 12 = Rs. 900 Gain percentage = {(S.P – C.P)/C.P} × 100 Gain percentage = {(900 – 800)/800} × 100 Gain percentage = (1/8) × 100 = 12.5%