In a End of Season Sale, to clear stock a shopkeeper offers 50 items in price of 20 items but still

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13 May 2022 Profit & Loss

In a End of Season Sale, to clear stock a shopkeeper offers 50 items in price of 20 items but still there is no loss or gain in this transaction. What is his usual gain percentage when there is no sale ?

OPtion

1) 50
2) 66.66
3) 133.33
4) 150
5) 250
6) 100
7) 400
8) 300
9) 200
10) None of these

Solution

Given, shopkeeper sells 50 items in price of 20 items but there is no loss or gain.
⇒ CP of 50 items = SP of 20 items
Let CP of 1 item=1, so CP of 50 items=50=SP of 20 items
.'. SP of 1 item=50/20=2.5
% profit = [(2.5-1)/1]*100 = 150%
Correct Option 4)

Correct Option: 4 Best Solution (0)