Question

A businessman purchased rice and sold @ 10% profit. Apart from that his weights measure 20% less than the original weight on the whole what is the percentage of his profit?​

Answer 1

your question's answer is 12.5%

Answer 2

Given:

A businessman purchased rice and sold @ 10% profit. Apart from that, his weights measure 20% less than the original weight on the whole

To find:

the percentage of his profit

Solution:

Let the Cost price of the rice is 100 units.

But it is given in the question that the businessman weights measure 20% less than the original weight

So this means the actual cost price of the rice is

Actual CP = 80 units

But the profit will be calculated at the initial cost price only.

So after the profit of 10% which must be 10 units

So the SP is:

SP = CP + Profit

SP = 100 + 10

Actual SP = 110 units

Actual Profit = 110 - 80 = 30 units

Profit % = (Profit/CP )×100

P = (3/8 )×100

P = 37.5 %

So the percentage of his profit is 37.5 %