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- A shopkeeper, sold cocoa seeds at the rate Rs 1,230 a kg and bears a loss of 5%.
Question 1:
A shopkeeper, sold cocoa seeds at the rate Rs 1,230 a kg and bears a loss of 5%. Now if he decides to sell it at Rs 1,353 per kg, what will be the result? A. 4.5 percent gain
Feedback CP of Cocoa seeds = 100/95 X 1230 = 24600/19.
if SP is Rs.1353, profit% = (1353 - (24600/19)) / (24600/19) X 100
= (25707 - 24600)/246 = 1107/246 =4.5%
if SP is Rs.1353, profit% = (1353 - (24600/19)) / (24600/19) X 100
= (25707 - 24600)/246 = 1107/246 =4.5%
B. 9 percent gain
C. 4.5 percent loss
D. 9 percent loss
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