Anil bought some articles at 6 for ₹ 8 and sold them at 10 for ₹ 12. His percentage loss orgain is:
Answer & explanation
Correct answer: option 1
Anil bought some articles at 6 for ₹ 8
Anil sold them at 10 for ₹ 12.
Quantity Price
Buy 6 8
Sold 10 12
Make the quantity equal by multiplying 5 with buying quantity and 3 with selling quantity
Quantity Price
Buy 5×(6 8)
Sold 3×(10 12)
Quantity Price
Buy 30 40
Sold 30 36
——————————————
Loss = 40 - 36 = 4
loss% = 4 × \(\frac{100}{40}\) = 10%