SSC CPO SI and ASI Model Paper 10

Question : 128 of 200

Marks: +1, -0

An item is purchased at the rate of ₹1 per 5 kg and sold at ₹10/kg. What is the profit or loss percentage?

Solution:

(2) C.P. of 5 kg of item = ₹1
C.P. of 1 kg of item

=1/5= ₹0.2

S.P. of 1 kg of item = ₹10
Profit by selling 1 kg of item = 10 -0.2 = ₹9.8
Profit percentage

=9.8/0.2×100

= 4900%

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