A man buys cashew nuts at Rs.600 per kg and sells them at Rs.15 per 50 grams. What is his profit/loss percentage?
Selling price per kg = (1000 grams / 50 grams) × 15 Rs. = 20 × 15 = 300 Rs. Purchase price per kg = 600 Rs. Loss per kg = 600 Rs. - 300 Rs. = 300 Rs. Loss percentage = (300/600) × 100 = 50% Alternate – CP SP 600 :15/50 ×1000. 600 :300 2 :1 Loss Percentage =1/2 ×100 =50%.
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