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Question : A shopkeeper buys 144 items at 90 paise each. On the way, 20 items were broken. He sells the rest at Rs. 1.20 each. His gain percentage (correct to one place of decimal) is:

Option 1: 13.8%

Option 2: 14.6%

Option 3: 14.8%

Option 4: 15.8%


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

Correct Answer: 14.8%


Solution : Given:
Ashok bought 144 items at 90 paise each and 20 items broke.
He sells the rest at Rs. 1.20 each.
We know,
Profit percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}$ × 100
20 items are broken out of 144 items.
Cost price of 144 items = $\frac{144 × 90}{100}$ = Rs. 129.6
Total selling price = 1.20 × 124 = Rs. 148.8
Gain = 148.8 – 129.6 = Rs. 19.2
Gain percentage = $\frac{19.2}{129.6}$ × 100 = 14.8%
Hence, the correct answer is 14.8%.

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