Riya purchases some pen @ 6 pen for ₹5 and he sells all the pen @ 5 pen for ₹6. Find overall profit or loss %.
Answer & explanation
Correct answer: option 3
Price : Qty
Buy : 5 : 6 ......(i)
Sell : 6 : 5 ......(ii)
(i) × 5 & (ii) × 6, to make the equal quantity.
Price : Qty
Buy : 25 : 30
Sell : 36 : 30
Here,
C.P. of 30 articles = Rs.25
S.P. of 30 articles = Rs.36
Profit = 36 - 25 = Rs.11
Hence,
Profit percent = \(\frac{11}{25}\) × 100% = 44%