If a man purchases kismis at ₹320 per kg and sells it at ₹6 per 25 grams. Find his profit/loss percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 25% loss.
Given that
If a man purchases kismis at ₹320 per kg and sells it at ₹6 per 25 grams
According to the question
C.P. = ₹320 per kg
S.P. = ₹6 × 40 per kg = ₹240 per kg
So, Loss = C.P. - S.P. = 320 - 240 = ₹80
Hence, Loss % = (loss/C.P.) × 100 = 8000/320 = 25%