Question

If a grosser purchases rice at Rs 22.50/- per 10 kg and sold them Rs 3/- per kg. Then find his gain or loss percent.

Answer 1

Answer:

75% Gain

Step-by-step explanation:

If the grocer purchased 10 kg rice at Rs. 22.50/- , price per kg is 22.50/10=2.25.

Now,

He is selling at Rs. 3/kg .

So ,

SP > CP

Therefore , gain.

Now , gain percentage =

CP/SP * 100

2.25/3 * 100 = 75%.

Hope This helps !!!