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By selling 12 kg of potatoes for Rs. 63, a shopkeeper gains 5%. What does he gain or lose percent by selling 50 kg of the same potatoes for Rs. 247.50?
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- 1% loss
- No profit, no loss
- 2.5% loss
- 1% profit
Correct Option: A
Given that , Selling Price of 12 kg of potatoes = Rs. 63
| C.P. of 12 kg of potatoes = Rs. |  | 63 × 100 |  | = Rs. 60 | ||
| 105 |
| ∴ C.P. of 50 kg of potatoes = | × 50 = Rs. 250 | 12 |
S.P. of 50 kg of potatoes = Rs. 247.50
Loss = C.P. of 50 kg of potatoes - S.P. of 50 kg of potatoes
Loss = Rs. (250 – 247.50) = Rs. 2.5
| ∴ Loss percent = | × 100 = 1% | 250 |
