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%
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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.
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