A shopkeeper bought six identical mobile phones for ₹72,000. He sold two of these mobile phones for ₹42,000. Find his gain percentage.
Correct Answer :
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
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
Step 3: Calculate the gain (profit).
The selling price for these 2 mobile phones is given as ₹42,000.
Gain = Selling Price - Cost Price
Step 4: Calculate the gain percentage.
The formula for gain percentage is:
Substituting the values into the formula:
Simplify the fraction:
Now, calculate the percentage:
Thus, the shopkeeper's gain percentage is 75%.
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