Question

A grocer sells rice at a profit of 10% and uses weight which are 20% less than the market with the total gain and by him will be

Answer 1

Answer:

37.5 % gain

Step-by-step explanation:

Let Say cost price of rice per kg = Rs C

Profit = 10 %   = (10/100) C = 0.1C

Selling Price of 1 kg rice = Cost Price + Profit

= C + 0.1C  = 1.1C  Rs

He Uses Weight 20 % Less

so rice Sold = 1 - (20/100) = 0.8 kg

Cost Price of 0.8kg Rice = 0.8C

Actual cost price = 0.8C

Total Gain = 1.1C - 0.8C = 0.3C

Gain % = (0.3C/0.8C) * 100 =  37.5 %

Total Gain = 37.5 %