Practicing Success
A man bought 100 mangoes at a certain price, with the intention of selling each at a profit of 25%. But 20 mangoes got spoilt. If he sold the rest at the intended price, what was his profit or loss percentage?
|
0% 6.66% profit 6.25% loss 12.5% profit |
0% |
Let the price be Rs. 10, selling at a profit of 25% i.e. SP = 12.5 Total cost = 100 x 10 = 1000 Total revenue after 20 mangoes got spoilt = 80 x 12.5 = 1000 Thus, there is no profit no loss situation. |