Question
Download Solution PDFRaghu bought toffees at 10 for a rupee. How many for a rupee must he sell to gain 400%?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price of 10 toffees = 1 rupee
Gain = 400%
Formula Used:
Selling price = Cost price × (1 + Gain%)
Calculation:
Let the cost price of each toffee be 1/10 rupee.
Gain% = 400%
Selling price of each toffee = Cost price × (1 + Gain%)
Selling price of each toffee = (1/10) × (1 + 400/100)
Selling price of each toffee = (1/10) × (1 + 4)
Selling price of each toffee = (1/10) × 5
Selling price of each toffee = 1/2 rupee
To find how many toffees he must sell for 1 rupee:
Number of toffees = 1 / (1/2)
Number of toffees = 2
Raghu must sell 2 toffees for a rupee to gain 400%.
Last updated on Jun 2, 2025
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