Home
Class 14
MATHS
P buys some toffees at 6 for a rupee and...

P buys some toffees at 6 for a rupee and sells them at 4 for a rupee. Find his gain percent.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of finding the gain percent when P buys toffees at 6 for a rupee and sells them at 4 for a rupee, we can follow these steps: ### Step 1: Determine the Cost Price (CP) and Selling Price (SP) - **Cost Price (CP)**: P buys 6 toffees for 1 rupee. Therefore, the cost price of 1 toffee is: \[ CP = \frac{1 \text{ rupee}}{6 \text{ toffees}} = \frac{1}{6} \text{ rupee per toffee} \] - **Selling Price (SP)**: P sells 4 toffees for 1 rupee. Therefore, the selling price of 1 toffee is: \[ SP = \frac{1 \text{ rupee}}{4 \text{ toffees}} = \frac{1}{4} \text{ rupee per toffee} \] ### Step 2: Calculate the Gain - To find the gain, we subtract the cost price from the selling price for one toffee: \[ \text{Gain} = SP - CP = \frac{1}{4} - \frac{1}{6} \] - To perform the subtraction, we need a common denominator. The least common multiple of 4 and 6 is 12. - Convert \(\frac{1}{4}\) to twelfths: \[ \frac{1}{4} = \frac{3}{12} \] - Convert \(\frac{1}{6}\) to twelfths: \[ \frac{1}{6} = \frac{2}{12} \] - Now, subtract: \[ \text{Gain} = \frac{3}{12} - \frac{2}{12} = \frac{1}{12} \text{ rupee} \] ### Step 3: Calculate the Gain Percent - The gain percent is calculated using the formula: \[ \text{Gain Percent} = \left( \frac{\text{Gain}}{CP} \right) \times 100 \] - Substitute the values: \[ \text{Gain Percent} = \left( \frac{\frac{1}{12}}{\frac{1}{6}} \right) \times 100 \] - Simplifying the fraction: \[ \frac{\frac{1}{12}}{\frac{1}{6}} = \frac{1}{12} \times \frac{6}{1} = \frac{6}{12} = \frac{1}{2} \] - Now, calculate the gain percent: \[ \text{Gain Percent} = \left( \frac{1}{2} \right) \times 100 = 50\% \] ### Final Answer P's gain percent is **50%**. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT, LOSS AND DISCOUNT

    DISHA PUBLICATION|Exercise Practice Exercise (Foundation Level)|54 Videos
  • PROFIT, LOSS AND DISCOUNT

    DISHA PUBLICATION|Exercise Practice Exercise (Standard Level)|43 Videos
  • PROBABILITY

    DISHA PUBLICATION|Exercise TEST YOURSELF|15 Videos
  • PROGRESSIONS

    DISHA PUBLICATION|Exercise TEST YOURSELF|15 Videos
DISHA PUBLICATION-PROFIT, LOSS AND DISCOUNT-Test Yourself
  1. P buys some toffees at 6 for a rupee and sells them at 4 for a rupee. ...

    Text Solution

    |

  2. A dealer offers a cash discount of 20% and still makes a profit of 20%...

    Text Solution

    |

  3. Sunny marks up his goods by 40% and gives a discount of 10%. Apart fro...

    Text Solution

    |

  4. A certain manufacturer sells a product to the distributor at 10% profi...

    Text Solution

    |

  5. An article is listed at Rs. 65. A customer bought this article for Rs ...

    Text Solution

    |

  6. The bus fare increases in the ratio 5:11. Find the increase in the far...

    Text Solution

    |

  7. Mohan goes to furniture shop to buy a sofa set and a centre table. He ...

    Text Solution

    |

  8. A shopkeeper purchases a packet of 50 pens at Rs. 10 per pen. He sells...

    Text Solution

    |

  9. A shopkeeper bought 150 calculators at the rate of Rs. 250 per calcula...

    Text Solution

    |

  10. Naveen marks 750 articles at a cost of 60 paise/ article. He fixed the...

    Text Solution

    |

  11. A trader wants 10% profit on the selling price of a product whereas hi...

    Text Solution

    |

  12. The cost of setting up the type of a magazine is Rs. 1000. The cost of...

    Text Solution

    |

  13. A manufacturer sells goods to an agent at a profit of 20%. The agent’s...

    Text Solution

    |

  14. A shopkeeper calculates percentage profit on the buying price and anot...

    Text Solution

    |

  15. The accounts of a company show sales of Rs. 12,600. The primary cost i...

    Text Solution

    |

  16. A trader marked his goods at 20% above the cost price. He sold half th...

    Text Solution

    |