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Standard VIII

Mathematics

Prices / Charges Related to Buying and Selling

A man purchas...

Question

A man purchased a bag of rice containing 70 kg for Rs. 175. He sold it at the rate of Rs. 2.75 per kg. Find the profit or loss %.

12% loss

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10% gain

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12% gain

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10% loss

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Solution

The correct option is B 10% gain
CP = Rs. 175
SP = 70 $\times$ 2.75 = Rs. 192.5
Gain % = $\frac{g a i n}{C P} \times 100$
= $\frac{17.5}{175} \times 100 = 10 %$

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A man purchased a bag of rice containing 70 kg for Rs. 175. He sold it at the rate of Rs. 2.75 per kg. Find the profit or loss %.

The correct option is B 10% gainCP = Rs. 175SP = 70 × 2.75 = Rs. 192.5Gain % = gainCP×100= 17.5175×100=10%

The correct option is B 10% gain
CP = Rs. 175
SP = 70 $\times$ 2.75 = Rs. 192.5
Gain % = $\frac{g a i n}{C P} \times 100$
= $\frac{17.5}{175} \times 100 = 10 %$