Question : If a shop-keeper purchases cashew nuts at Rs. 250 per kg and sells them at Rs. 10 per 50 gm, then he makes a:
Option 1: 25% loss
Option 2: 25% profit
Option 3: 20% profit
Option 4: 20% loss
Correct Answer: 25% loss
Solution :
Given in question, the cost price (CP) of 1000 gm of cashew nut = Rs. 250
So, CP of 50 gm of cashew nut = $\frac{250}{1000}$ × 50 = Rs. 12.5
The selling price (SP) of 50 gm of cashew nut = Rs. 10
Loss = CP of 50 gm of cashew nut – SP of 50 gm of cashew nut = (12.5 – 10) = Rs. 2.5
$\therefore$ Loss percentage = $\frac{\text{Loss}}{\text{CP}} × 100 = \frac{\text{2.5}}{\text{10}} × 100 = 2.5 × 10 = 25\%$
Hence, the correct answer is 25% loss.
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