## Profit and Loss Questions – Part 02

Question 01 A vendor bought 6 toffees for a rupee. How many for a rupee must he sell to gain 20% ? Given CP of 6 toffees = ₹1So, CP of 1 toffee = ₹ 1/6 According to question, The vendor should profit = 20% Formula Used We know that,SP = CP(100+gain%)/100 =(1/6)*(100+20) / …