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 \frac{1}{6} %

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6 \frac{1}{4} %

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8 \frac{1}{3} %

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20 %

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Solution

The correct option is C $8 \frac{1}{3} %$
Given cost price of potatoes is Rs $.420$
Selling price of potatoes is Rs $.70 \times 6.50 = 455$
Gain percent is $\frac{455 - 420}{420} \times 100 = 8 \frac{1}{3} %$

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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 813%Given cost price of potatoes is Rs.420Selling price of potatoes is Rs.70×6.50=455Gain percent is 455−420420×100=813%

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 $8 \frac{1}{3} %$
Given cost price of potatoes is Rs $.420$
Selling price of potatoes is Rs $.70 \times 6.50 = 455$
Gain percent is $\frac{455 - 420}{420} \times 100 = 8 \frac{1}{3} %$