A butcher purchases 50 chicks at the rate of Ts.60 per chick.10 of them died and he sold remaining chicks at the rate of Rs.80 p
er chick. Find profit or loss percentage.
1 answer:
Answer: 6.25%
Step-by-step explanation:
50 chicks were purchased at Rs. 60. The total cost of the chicks is:
= 50 * 60
= Rs. 3,000
10 of the chicks died which means the farmer was left with 40 chicks.
These chicks are sold at Rs. 80. Total revenue from the sales are:
= 40 chicks * 80
= Rs. 3,200
The profit is:
= 3,200 - 3,000
= Rs. 200
The percentage is:
= Profit / Revenue
= 200 / 3,200
= 6.25%
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