A shopkeeper buys mangoes at the rate of 5 a rupee and sells them at 2 a rupee.
A shopkeeper buys mangoes at the rate of 5 a rupee and sells them at 2 a rupee. Find his net profit or loss percent?
Answer/Solution
150 %
Steps/Work
The total number of mangoes bought by the shopkeeper be 10.
If he buys 5 a rupee, his CP =2
He selling at 2 a rupee, his SP = 5
Profit = SP - CP = 5 - 2 = 3
Profit Percent = 3/2 * 100 = 150 %
Answer:D
If he buys 5 a rupee, his CP =2
He selling at 2 a rupee, his SP = 5
Profit = SP - CP = 5 - 2 = 3
Profit Percent = 3/2 * 100 = 150 %
Answer:D