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If toffees are bought at the rate of 7 for Rs. 6, at what rate per hundred must they be sold to gain 33%?114115118120None

Question

If toffees are bought at the rate of 7 for Rs. 6, at what rate per hundred must they be sold to gain 33%?114115118120None
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Solution 1

First, let's find out the cost price of 1 toffee. If 7 toffees are bought for Rs. 6, then 1 toffee is bought for Rs. 6/7.

Next, we need to calculate the selling price for 1 toffee to gain a profit of 33%. The formula to calculate the selling price is: Selling Price = Cost Price + (Profit% of Cost P Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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