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By Selling 12 kg of apples for Rs. 63, a shopkeeper gains 5%. What does his gain or lose percent by selling 50 kg of the same apples for Rs. 248?1. 1% Loss2. 0.8% Profit3. 0.8% Loss4. 1% Profit |
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Answer» Correct Answer - Option 3 : 0.8% Loss Given: S.P of 12 kg of apples = Rs. 63 Gain% = 5% Final S.P of 50 kg = Rs. 248 Formula used: C.P = (S.P × 100)/(100 + Gain%) Calculation: S.P of 1 kg apple = Rs. 63/12 C.P of 1 kg apple = Rs. (63/12) × (100/105) ⇒ Rs. 5 Final S.P of 1 kg apple = Rs. 248/50 Loss = Rs. (248/50) – Rs. 5 = Rs. 2/50 Loss% = (2/50) × (100/5)% ⇒ 4/5% = 0.8% ∴ There will be loss of 0.8% |
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