By selling 300 apples a seller gains the selling price of 60 apples . The gain…
2024
By selling 300 apples a seller gains the selling price of 60 apples . The gain percentage of the seller is
- A.
33 (1/3)%
- B.
16 (2/3)%
- C.
20%
- D.
25%
Attempted by 30 students.
Show answer & explanation
Correct answer: D
Answer: 25%
Step-by-step solution:
Let cost price (CP) per apple = x and selling price (SP) per apple = y.
CP of 300 apples = 300x; SP of 300 apples = 300y.
Given: by selling 300 apples the seller gains the selling price of 60 apples, so 300y - 300x = 60y
Rearrange: 300y - 60y = 300x → 240y = 300x → y/x = 300/240 = 5/4.
Profit percent = (y - x)/x × 100 = (5/4 - 1) × 100 = (1/4) × 100 = 25%.
Therefore the seller's gain percentage is 25%.