Multiple choice

A merchant buys a 50 litre cask of wine for Rs. 6250 and sells it at Rs. 130 per litre. His loss or gain percent is

  1. $3\displaystyle \frac{11}{50} \%$ loss

  2. 4 % profit

  3. 25 % profit

  4. 8 % gain
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost = 6250. Selling price = 50 * 130 = 6500. Profit = 6500 - 6250 = 250. Profit % = (250 / 6250) * 100 = 4%.

AI explanation

The total selling price for the 50 litres of wine is 50 multiplied by Rs. 130, which equals Rs. 6500. Since the cost price is Rs. 6250, the profit is 6500 minus 6250, which is Rs. 250. Applying the profit percentage formula, Profit Percent equals Profit divided by Cost Price multiplied by 100, yielding (250 divided by 6250) times 100, resulting in a 4% profit.

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