To solve this problem, we need to first understand the cost price and selling price for Ravi.

1. Cost Price (CP): Ravi buys toffees at 2 for a rupee. So, the cost price for one toffee is 1/2 = 0.50 rupees.

2. Selling Price (SP): Ravi sells the toffees at 5 for a rupee. So, the selling price for one toffee is 1/5 = 0.20 rupees.

3. Now, we can calculate the loss. Loss = Cost Price - Selling Price = 0.50 - 0.20 = 0.30 rupees.

4. To find the loss percentage, we use the formula: (Loss / Cost Price) * 100 = (0.30 / 0.50) * 100 = 60%.

So, Ravi's loss percent is 60%.

Question

To solve this problem, we need to first understand the cost price and selling price for Ravi.

1. Cost Price (CP): Ravi buys toffees at 2 for a rupee. So, the cost price for one toffee is 1/2 = 0.50 rupees.

2. Selling Price (SP): Ravi sells the toffees at 5 for a rupee. So, the selling price for one toffee is 1/5 = 0.20 rupees.

3. Now, we can calculate the loss. Loss = Cost Price - Selling Price = 0.50 - 0.20 = 0.30 rupees.

4. To find the loss percentage, we use the formula: (Loss / Cost Price) * 100 = (0.30 / 0.50) * 100 = 60%.

So, Ravi's loss percent is 60%.

Knowee AI · Accepted Answer

To solve this problem, we need to first understand the cost price and selling price for Ravi.

1. Cost Price (CP): Ravi buys toffees at 2 for a rupee. So, the cost price for one toffee is 1/2 = 0.50 rupees.

2. Selling Price (SP): Ravi sells the toffees at 5 for a rupee. So, the selling price for one toffee is 1/5 = 0.20 rupees.

3. Now, we can calculate the loss. Loss = Cost Price - Selling Price = 0.50 - 0.20 = 0.30 rupees.

4. To find the loss percentage, we use the formula: (Loss / Cost Price) * 100 = (0.30 / 0.50) * 100 = 60%.

So, Ravi's loss percent is 60%.

Ravi buys some toffees at 2 for a rupee and sells them at 5 for a rupee. His loss percent is?Options120%30%60%90%