A man buys 5 apples for Rs 3 and sells each for Rs 2. What is his gain per cent?

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Question

A man buys 5 apples for Rs 3 and sells each for Rs 2. What is his gain per cent?

Options:

A . \(33\frac{1}{3}\)

B . \(133\frac{1}{3}\)

C . \(233\frac{1}{3}\)

D . none of these

Answer: Option C
The given problem can be solved by applying the basic formula for calculating profit percentage.
Profit percentage = [(Profit/Cost Price) x 100]
where,Profit = Selling Price - Cost Price
Cost price is the price at which the man bought the apples and Selling price is the price at which he sold each apple.
Given,Cost price of 5 apples = Rs 3Therefore, Cost price of 1 apple = Rs 3/5
Selling price of 1 apple = Rs 2
Profit = Selling price - Cost price = Rs 2 - Rs 3/5 = Rs 7/5
Therefore,Profit percentage = [(Profit/Cost Price) x 100] = [(7/5) / (3/5) x 100]= (7/3) x 100 = 233 1/3 %
Hence, the correct answer is option C

In summary, the solution to the given problem involves the following steps:
- Determine the cost price of 1 apple
- Determine the profit made on selling 1 apple
- Use the profit percentage formula to calculate the profit percentage
- Round off the answer to the nearest integer.

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3 Comments

Nazima 2019-02-25 13:38:05

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If right its helpful to other

Nazima 2019-02-25 13:37:10

0

Pl

Hsp 2016-04-03 06:45:22

0

Let cp of each item be Re 1.
Cp of 5=3
Cp of 1=0.6
Sp of 1=2
Gain=2-0.6=1.4
Gain%=700/3=233.333

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