Ravi buys some toffees at 5 for a rupee and sells them at 2 for a rupee. His gain percent is
- 190%
- 850%
- 250%
- 150%
Explanation
We know that th CP of 1 toffee =₹1/5
SP of 1 toffee = ₹1/2
Since SP is more than CP it's Gain
Gain=SP−CP
=1/2−1/5
=3/10
∴Gain%=(Gain×100)/CP
=((3/10)×100)/(1/5)
=150%
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