Ravi buys some toffees at 5 for a rupee and sells them at 2 for a rupee. His gain per cent is
Cost Price of 1 toffee=Rs.1/5
Selling Price of 1 toffee=Rs.1/2
Gain = SP – CP
= 1/2 - 1/5
= 3/10
= 150%
9
Ravi buys some toffees at 5 for a rupee and sells them at 2 for a rupee. His gain per cent is
Cost Price of 1 toffee=Rs.1/5
Selling Price of 1 toffee=Rs.1/2
Gain = SP – CP
= 1/2 - 1/5
= 3/10
= 150%