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?

4(1/6)%

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6(1/4)%

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8(1/3)%

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20%

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28%

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Solution

The correct option is C
8(1/3)%

C.P of 1 kg = Rs. (420/70)= Rs. 6.

S.P of 1 kg = Rs. 6.50

$∴$ Gain % = $(\frac{0.50}{6} \times 100) % = \frac{25}{3} % = 8 \frac{1}{3} % .$

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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?

The correct option is C 8(1/3)% C.P of 1 kg = Rs. (420/70)= Rs. 6. S.P of 1 kg = Rs. 6.50 ∴ Gain % = (0.506×100)%=253%=813%.

The correct option is C
8(1/3)%

C.P of 1 kg = Rs. (420/70)= Rs. 6.

S.P of 1 kg = Rs. 6.50

$∴$ Gain % = $(\frac{0.50}{6} \times 100) % = \frac{25}{3} % = 8 \frac{1}{3} % .$