Riya purchases some pen @5 pen for Rs.4 and she sells all the pen @4 pen for Rs.5. Find overall profit or loss %.
Answer & explanation
Correct answer: option 1
Price : Qty
Buy : 4 : 5 ......(i)
Sell : 5 : 4 ......(ii)
(i) × 4 & (ii) × 5, to make the equal quantity.
Price : Qty
Buy : 16 : 20
Sell : 25 : 20
Here,
C.P. of 20 articles = Rs.16
S.P. of 20 articles = Rs.25
Profit = 25 - 16= Rs.9
Hence,
Profit percent = \(\frac{9}{16}\) × 100% = 56\(\frac{1}{4}\)%