A shopkeeper professes to sell his goods on cost price, but uses 750 gm, instead of 1.2 Kg. What is

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06 Dec 2021 Gain

A shopkeeper professes to sell his goods on cost price, but uses 750 gm, instead of 1.2 Kg. What is his gain %?

OPtion

1. 25%
2. 30%
3. 33.33%
4. 20%
5. 40%
6. 55%
7. 50%
8. 60%
9. 52%
10. None of the above

Solution

Here, cost price of 1200 gm is equal to selling price of 750 gm,
∴ % gain = [(m – n)/ n] × 100
= [(1200 – 750)/ 100] x100
= 450/ 750 × 100 = 60%

Correct Option: 8 Best Solution (4)