Bunty purchases 15 chocolates for Rs. 10 and sells 10 chocolates for R

1.	Bunty purchases 15 chocolates for Rs. 10 and sells 10 chocolates for Rs. 15. How much percent profit does he make?1. 120%2. 100%3. 125%4. 25%5. None of these
Answer» Correct Answer - Option 3 : 125% Given: The cost price of 15 chocolates = 10 The selling price of 10 chocolates = 15 Formula used: Gain or loss percent = (Loss or gain/Cost price) × 100 Concept used: Profit = Selling Price – Cost Price Loss = Cost Price – Selling Price Calculation: The cost price of 1 chocolate = 10/15 ⇒ 0.67 Let the Bunty purchase x chocolates. Then cost price of x choclates = 0.67x The selling price of 1 chocolate = 15/10 ⇒ 1.5 Then selling price of x choclates = 1.5x Profit = 1.5x – 0.67x ⇒ 0.84x Profit% = (0.84x/0.67x) × 100 ⇒ 125% ∴ Bunty makes a profit of 125%.

Bunty purchases 15 chocolates for Rs. 10 and sells 10 chocolates for Rs. 15. How much percent profit does he make?1. 120%2. 100%3. 125%4. 25%5. None of these

Answer» Correct Answer - Option 3 : 125%

Given:

The cost price of 15 chocolates = 10

The selling price of 10 chocolates = 15

Formula used:

Gain or loss percent = (Loss or gain/Cost price) × 100

Concept used:

Profit = Selling Price – Cost Price

Loss = Cost Price – Selling Price

Calculation:

The cost price of 1 chocolate = 10/15

⇒ 0.67

Let the Bunty purchase x chocolates.

Then cost price of x choclates = 0.67x

The selling price of 1 chocolate = 15/10

⇒ 1.5

Then selling price of x choclates = 1.5x

Profit = 1.5x – 0.67x

⇒ 0.84x

Profit% = (0.84x/0.67x) × 100

⇒ 125%

∴ Bunty makes a profit of 125%.

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