Profit and Loss - Arithmetic Aptitude Questions and Answers

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A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent?

4 1/6 %

6 1/6 %

8 1/3 %

20 %

Answer : Option C

Explanation :

C.P. of 1 kg = 420/7 = Rs. 6

S.P. of 1 kg = Rs. 6.50

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