Question Details

A shopkeeper bought six identical mobile phones for ₹72,000. He sold two of these mobile phones for ₹42,000. Find his gain percentage.

Options

A

78%

B

76%

C

75%

D

77%

Show Answer

Correct Answer :

Option C

75%

Solution :

The correct option is 75%.

Let us break down the problem step-by-step to calculate the shopkeeper's gain percentage.

Step 1: Calculate the cost price of one mobile phone.

The total cost price for 6 identical mobile phones is given as ₹72,000.

Cost price of 1 mobile phone = Total Cost / Number of mobile phones

Cost price of 1 phone=720006=12,000

Step 2: Calculate the cost price of the two mobile phones sold.

Since the shopkeeper sold 2 mobile phones, we find their total cost price:

Cost price of 2 mobile phones = 2 × ₹12,000

Cost price of 2 phones=24,000

Step 3: Calculate the gain (profit).

The selling price for these 2 mobile phones is given as ₹42,000.

Gain = Selling Price - Cost Price

Gain=42000-24000=18,000

Step 4: Calculate the gain percentage.

The formula for gain percentage is:

Gain Percentage=GainCost Price×100

Substituting the values into the formula:

Gain Percentage=1800024000×100

Simplify the fraction:

1800024000=34

Now, calculate the percentage:

Gain Percentage=34×100=75%

Thus, the shopkeeper's gain percentage is 75%.

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