A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the who…

Question

A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent ?

Accepted Answer

Option C. 81/3 %. Answer & Solution Answer: Option C Solution: & C .P . of 1 kg & = Rs. ( 42070 ) & = Rs . 6. & S .P . of 1 kg & = Rs . 6.50. & Gain\% = ( 0.506 × 100 )\% & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 253\% & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 81/3\%