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Some toffees are bought at the rate of 11 for Rs. 10 and the same number of toffees are bought again at the rate of 5 for Rs. 6, If the whole lot is sold at one rupee per toffee, then the gain/loss percent, correct to one decimal place, on the whole transaction is:

Some toffees are bought at the rate of 11 for Rs. 10 and the same number of toffees are bought again at the rate of 5 for Rs. 6, If the whole lot is sold at one rupee per toffee, then the gain/loss percent, correct to one decimal place, on the whole transaction is: Correct Answer 5.2% loss

Cost of 11 toffees = Rs. 10

Cost of 55 toffees = 10 × 5 = Rs. 50

Similarly,

Cost of 5 toffees = Rs. 6

Cost of 55 toffees = Rs. 6 × 11 = 66

Total cost of (55 + 55 = 110) toffees = 50 + 66 = 116

SP of 1 toffees = Rs. 1

SP of 110 toffees = 1 × 110 = Rs. 110

Loss = 116 - 110 = 6

Loss percentage = (6/116) × 100 = 5.17% ≈ 5.2% loss

Related Questions

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