Tiya purchases some pen at the rate 8 pen per Rs.6 and he sells all the pen at the rate per 6 pen for Rs.8. Find overall profit or loss %.
Answer & explanation
Correct answer: option 1
Price : Qty
Buy : 6 : 8 ......(i)
Sell : 8 : 6 ......(ii)
(i) × 3 & (ii) × 4, to make the equal quantity.
Price : Qty
Buy : 18 : 24
Sell : 32 : 24
Here,
C.P. of 24 articles = Rs.18
S.P. of 24 articles = Rs.32
Profit = 32 - 18 = Rs.14
Hence,
Profit percent = \(\frac{14}{18}\) × 100% = 77.77%