Yashwant buys candies at 15 for Rs. 40 and sells them at 30 for Rs. 50. What is his gain or loss percent?
- A37.5% Profit
- B40 % Loss
- C36 % Profit
- D37.5% Loss
Solution & Step-by-step Explanation
To calculate the gain or loss percentage easily, let us equalize the quantity of candies bought and sold.
Cost Price (CP):
Yashwant buys 15 candies for Rs. 40.
Multiplying both by 2, he buys 30 candies for:
CP of 30 candies=Rs. 40×2=Rs. 80
Selling Price (SP):
He sells 30 candies for Rs. 50.
SP of 30 candies=Rs. 50
Determine Loss or Profit:
Since CP>SP, it is a loss.
Loss=CP−SP=80−50=Rs. 30
Calculate Loss Percentage:
Loss %=(
CP
Loss
)×100
Loss %=(
80
30
)×100=
8
3
×100=37.5%
Therefore, Yashwant suffers a 37.5% Loss.
Cost Price (CP):
Yashwant buys 15 candies for Rs. 40.
Multiplying both by 2, he buys 30 candies for:
CP of 30 candies=Rs. 40×2=Rs. 80
Selling Price (SP):
He sells 30 candies for Rs. 50.
SP of 30 candies=Rs. 50
Determine Loss or Profit:
Since CP>SP, it is a loss.
Loss=CP−SP=80−50=Rs. 30
Calculate Loss Percentage:
Loss %=(
CP
Loss
)×100
Loss %=(
80
30
)×100=
8
3
×100=37.5%
Therefore, Yashwant suffers a 37.5% Loss.