Multiple choice

A person bought 5 apples for Rs. 10 and sold 3 of them for Rs. 5. Find his gain or loss percent.

  1. 16.67% gain

  2. 16.67% loss

  3. 5% loss

  4. 40% loss

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost price of 1 apple = 10/5 = Rs. 2  Selling price of 1 apple = Rs. 5/3   Loss = 2 - 5/3 = Re. 1/3 % loss = (1/3) * 100/2 = 100/6 = 16.67%