1.

Toffee Are Bought At A Rate Of 8 For One Rupee. To Gain 60% They Must Be Sold At?

Answer»

Given, COST price (C.P) of 8 toffees = Re. 1

Gain = 60%

So, Selling price, (S.P) = {[100 + Gain%] / 100} * C.P

= Rs. (160 / 100) x 1

= Rs. 8 / 5

For Rs. 8 / 5, toffees SOLD = 8

For Re. 1, toffees sold = (8 x 5) / 8 = 5

So, to gain 60%, toffees must be sold at 5 for Re. 1.

Given, Cost price (C.P) of 8 toffees = Re. 1

Gain = 60%

So, Selling price, (S.P) = {[100 + Gain%] / 100} * C.P

= Rs. (160 / 100) x 1

= Rs. 8 / 5

For Rs. 8 / 5, toffees sold = 8

For Re. 1, toffees sold = (8 x 5) / 8 = 5

So, to gain 60%, toffees must be sold at 5 for Re. 1.


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