Question

a shopkeeper buys notebooks at the rate of rupees 5 each but count 25 notebook as 24 and sell them at the rate of rs 6 each.his gain %will be​

Answer 1

Answer:

Cost Price: The price, at which an article is purchased, is called its Cost Price, abbreviated as C.P.

Selling Price: The price, at which an article is sold, is called its Selling Price, abbreviated as S.P.

Profit or Gain: If S.P. is greater than C.P., the seller is said to have a Profit or Gain.

Profit or Gain = S.P. - C.P.

Profit or Gain Percentage = (Profit or Gain/ C.P.)*100

Here,

C.P. = 420₹ (for 70 Kg of Potatoes)

S.P. = 6.50 * 70 = 455₹

Gain = 455–420 = 35₹

Gain Percentage = (35/420)*100 = 8.33 %