Wipro Company Numerical Ability Profit and Loss

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?
A) 4 1/6 % B) 6 1/4 % C) 8 1/3 % D) 20%

Read Solution (Total 2)

Price for 1kg= Rs 420/Rs 70= Rs 6.
Profit per 1kg= Rs 6.5 - Rs 6= Rs 0.5
Profit for 70kg= .5*70= Rs 35
Gain % = 35/420*100=8.33% = 8 1/3
Thus answer= option C) 8 1/3
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