A shopkeeper, sold pistachios at the rate Rs 1140 a kg and bears a loss of 5%. Now if he decides to sell it at Rs 1260 per kg, what will be the result?
Let cost price of 1 kg of pistachios = $$Rs. x$$
If Selling price of 1 kg of pistachios = Rs. 1140
=> Loss % = $$\frac{x - 1140}{x} \times 100 = 5$$
=> $$\frac{x - 1140}{x} = \frac{5}{100} = \frac{1}{20}$$
=> $$20x - 22800 = x$$
=> $$20x - x = 19x = 22800$$
=> $$x = \frac{22800}{19} = 1200$$
When selling price = Rs. 1260
=> Profit % = $$\frac{1260 - 1200}{1200} \times 100$$
= $$\frac{60}{12} = 5\%$$
=> Ans - (A)
Create a FREE account and get: