By selling 12 kg of potatoes for 63, a shopkeeper gains 5%. What does his gain or loss percent by selling. 50 kg of the same potatoes for 247.50 ?

By selling 12 kg of potatoes for 63, a shopkeeper gains 5%. What does his gain or loss percent by selling. 50 kg of the same potatoes for 247.50 ? Correct Answer 1% loss

Selling price of 1 potatoes
$$\eqalign{ & = {\text{Rs}}{\text{.}}\frac{{63}}{{12}} \cr & = {\text{Rs}}{\text{.}}\frac{{21}}{4} \cr & {\text{CP}} \times \frac{{\left( {100 + {\text{P}}} \right)}}{{100}} = {\text{SP}} \cr & {\text{CP}} \times \frac{{105}}{{100}} = \frac{{21}}{4}{\text{ }} \cr & {\text{CP}} = {\text{Rs}}{\text{. 5}} \cr} $$
Gain or loss percent by selling 50 kg of the same potatoes for Rs. 247.50
Cost price of 50 kg potatoes
= 50 × 5
= Rs. 250
Loss = 250 - 247.50 = Rs. 2.50
$$\eqalign{ & {\text{Loss }}\% = \frac{{2.50}}{{250}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1\% \cr} $$
Bissoy MCQ

Related Questions

There are two shopkeepers, first shopkeeper calculates his profit percent on the selling price whereas the second shopkeeper calculates his profit percent on the cost price. If the selling price for both the shopkeeper is same and the difference between their profits is Rs.175. Then, calculate the sum of the cost price for both the shopkeeper if the profit percent for the both shopkeeper is 25%?
Aniket sells 20 buffaloes at a gain of 12.5% and 15 more at a certain gain percent. If he gains 20% on the whole which of the following is correct? I. In selling 15 buffaloes, he gains 25% II. In selling 15 buffaloes, he gains 30% III. In the latter transaction, he gains 140% more than the first transaction.
Two statements are given, followed by four conclusions numbered I, II III and IV. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements. Statement: No carrot is roof. All roofs are potatoes. Conclusions: I. No carrot is potatoes. II. No potatoes is carrot. III. Some potatoes are roofs. IV. All the potatoes are roofs.
The bar graph given below shows the cost price and selling price of 5 articles. Profit amount = Selling price – Cost price Loss amount = Cost price – Selling price Profit percent/Loss percent = [(Profit/Loss)/Cost price] × 100 Which of the following statement(s) is/are not correct? I. If the cost price of A and E gets interchanged, then there will be a loss of 24 percent on E. II. Profit earned on D is 25 percent.
A dealer buys an article marked at Rs. 25000 on two successive discounts of 20% and then 5%. He spends Rs. 3500 for its transport and then sells it for Rs. 24750. What is his gain or loss percent?
A shopkeeper sells a product at some loss. If he reduces the selling price of the product by 5 percent, his loss increases by 4 percent. At what loss percent he sells his product? (Note: Options are rounded off)
Heena began peeling a pile of 44 potatoes at the rate of 3 potatoes per minute. Four minutes later, Chitra joined her and peeled at the rate of 5 potatoes per minute. When they finished, how many potatoes had Chitra peeled?
In the following question below are given some statements followed by three conclusions. Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements. Statements: Some sweets are vegetables. Some Vegetables are potatoes. All carrots are potatoes. Conclusions: I. Some Sweets can be potatoes. II. Some carrots are potatoes. III. Some vegetables can be carrots.
On selling a chair at 7% loss and a table at 17% gain, a man gains Tk 296. If he sells the chair at 7% gain and the table at 12% gain, then he gains Tk. 400. The actual price of the table is ---
On selling a pen at 5% loss and a book at 15% gain, Karim gains Rs. 7. If he sells the pen at 5% gain and the book at 10% gain, he gains Rs. 13. What is the cost price of the book in Rupees?