Question

A merchant buys a $50$ litre cask of wine for Rs. $6250$ and sells it at Rs. $130$ per litre. His loss or gain percent is:

• A. $3\frac{11}{50}$ $\%$ loss
• B. $4$ $\%$ profit
• C. $25$ $\%$ profit
• D. $8$ $\%$ gain

Answer 1

The correct option is B $4$ $\%$ profit

Cost per litre of wine $=$ $\frac{6250}{50}=125$ Rs.per liter

S.P. $=130$ Rs.per liter

Gain $\%=$ $\frac{\text{S.P}-\text{C.P}}{\text{C.P}}\times 100$

$=\frac{130-125}{125}\times 100=4\%$

So, their is $4\%$ profit.