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A coconut merchant finds that the cost price of 2750 coconuts is the same as the selling price of 2500 coconuts. Find the percentage loss or gain
- A20 %
- B15 %
- C10 %
- D5 %
Correct answer: C
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CCommunity
10 %
Let the CP of one coconut = 1
Then CP of 2750 coconuts = 2750
:. SP of 2500 coconuts = 2750; :. SP of one coconut = 2750/2500;
:. SP of 2750 coconuts = 2750 × 2750/2500 = 3025
Actual gain = 3025 – 2750 = 275 ; and the gain per cent = 275/2750 × 100 = 10%
Let the CP of one coconut = 1
Then CP of 2750 coconuts = 2750
:. SP of 2500 coconuts = 2750; :. SP of one coconut = 2750/2500;
:. SP of 2750 coconuts = 2750 × 2750/2500 = 3025
Actual gain = 3025 – 2750 = 275 ; and the gain per cent = 275/2750 × 100 = 10%