Riya purchases some pen @7 pen for Rs.5 and he sells all the pen @5 pen for Rs.7. Find overall profit or loss %.
Answer & explanation
Correct answer: option 1
Price : Qty
Buy : 5 : 7 ......(i)
Sell : 7 : 5 ......(ii)
(i) × 5 & (ii) × 7, to make the equal quantity.
Price : Qty
Buy : 25 : 35
Sell : 49 : 35
Here,
C.P. of 35 articles = Rs.25
S.P. of 35 articles = Rs.49
Profit = 49 - 25 = Rs.24
Hence,
Profit percent = \(\frac{24}{25}\) × 100% = 96%