on selling 33 kg of rice a shopkeeper makes a profit equivalent to the selling price of 11 kg of rice. find the gain percent.
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Answer:
50% gain
Step-by-step explanation:
Let the selling price of 1 kg rice be ₹1.
Total selling price = ₹33
Selling Price of 11 kg rice = ₹11
=> Profit = ₹11
Cost price = SP - Profit = ₹33 - ₹11 = ₹22
Profit percent = Profit/CP × 100 = 11/22 × 100 = 50%
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50% gain is the right answer
hope it helps you
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