Ravi buys some toffees at 5 for a rupee and sells them at 2 for a rupee. His gain percent is

FIA Past Papers / All — Multiple-choice practice

  1. A. 850%
  2. B. 250%
  3. C. 190%
  4. D. 150%

Correct answer

150%

Explanation

Explanation We know that th CP of 1 toffee =₹1/5 SP of 1 toffee = ₹1/2 Since SP is more than CP it's Gain Gain=SP−CP =1/2−1/5 =3/10 ∴Gain%=(Gain×100)/CP =((3/10)×100)/(1/5) =150%

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