Question
6 mangoes are bought for Rs 24 and 3 mangoes are sold for Rs 18. Find the percentage profit or loss.
Solution
₹24 for 6 mangoes → Cost Price (C.P.) of 1 mango = ₹24 ÷ 6 = ₹4 ₹18 for 3 mangoes → Selling Price (S.P.) of 1 mango = ₹18 ÷ 3 = ₹6 Now, Profit = S.P. - C.P. = ₹6 - ₹4 = ₹2 Profit % = 2/4 x 100 = 50%
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