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If a shopkeeper purchases cashew nuts at s. 700 per kg,
and sells it at Rs 45 per 50 gm,
then he will have how much profit or loss percentage?
1 kg is equal to 20 (50 gm) packets.
The cost price of 1 kg of cashew nuts is Rs 700.
Therefore, the cost price of 20 (50 gm) packets is Rs 700.
Hence, the cost price of 1 (50 gm) packet is Rs (700/20) = Rs 35.
The selling price of 1 (50 gm) packet is Rs 45.
Hence, the profit earned on 1 (50 gm) packet is Rs (45 – 35) = Rs 10.
The profit percentage is given by:
Profit percentage = (Profit / Cost price) x 100%
Profit percentage = (10 / 35) x 100%
Profit percentage = 28.57%
Therefore, the shopkeeper will have a profit of 28.57%.