Question : If a man purchases kishmish at INR 320 per kg and sells it at INR 6 per 25 grams, then his profit/loss percentage is:
Option 1: 20% loss
Option 2: 25% loss
Option 3: 25% profit
Option 4: 20% profit
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Correct Answer: 25% loss
Solution :
The cost price of 1 kg kishmish = INR 320
The selling price of 25 grams of kishmish = INR 6
The selling price of 1 kg kishmish = $\frac{6}{25}×1000$ = INR 240
Loss percentage = $\frac{\text{Cost price – Selling price}}{\text{Cost price}}×100=\frac{320-240}{320}\times 100=\frac{80}{320}×100=25\%$
Hence, the correct answer is a 25% loss.
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