Question : Ramesh claims that he is selling onions at Rs. 36 per kg, which costs him Rs. 40 per kg, but he gives 800 grams instead of 1 kg. Find Ramesh’s percentage of gain or loss.
Option 1: Gain 13.5%
Option 2: Loss 13.5%
Option 3: Loss 12.5%
Option 4: Gain 12.5%
Correct Answer: Gain 12.5%
Solution :
The cost price of 1kg onions = Rs. 40
⇒ Cost price of 800g onions = 0.8 × 40 = Rs. 32
As Ramesh sold 800g instead of 1kg,
Selling price of 800g onions = Rs. 36
So, the profit = 36 – 32 = Rs. 4
Therefore, the profit percentage = $\frac{4}{32}$ × 100 = 12.5%
Hence, the correct answer is a 12.5% gain.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC CGL
