A shopkeeper buys 144 items at 90 paise each On the way 20 items are broken He sells the remainder a...........

Quant (SSC) Profit and loss

A shopkeeper buys 144 items at 90 paise each. On the way 20 items are broken. He sells the remainder at ? 1.20 each. His gain per cent correct to one place of decimal is

13.8%

14.6%

14.8%

15.8%

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Explanation:

∴ CP of 144 items = 144 x 90 /100 = 129.6
20 items are broken out of 144 items.
SP of 124 items = 1.20 × 124 = ? 148.8
∴ Gain = 148.8 – 129.6 = ? 19.2
∴ Gain per cent = 19.2 /129.6 x 100 = 14.8%