Question

A shopkeeper purchased 80 kg of potatoes for Rs. 8.40 & sold the whole lot at the rate of 12.50 per kg. What will be his gain %?

1.)19.04%
2.)18.40%

Answer 1

Gain=sp-cp
=12.50-8.40
=4.10
Gain %=(gain/cp)x100
=(4.10/8.40)(100)
=(410/840)(100)
=(41/84)(100)
=4100/84
=1025/21
=48.80%