Question

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 per chick. Find profit or loss percentage.

Answer 1

Answer: 6.25%

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%