a grocer sells rice at profit of 20% and used weight which 25% less.findout overall gain%
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Let he buys 100 kg of rice at the rate of 1 rupees per kg.
100 rupees = 100 kg
he sells rice at the profit of 20%.
he sells 25% less rice.
100 rupees = 100 kg
he sells rice at the profit of 20%.
he sells 25% less rice.
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The overall percentage of profit is 50%.
Step-by-step explanation:
Let us assume that x kg of rice has a cost price of y Rs.
So, if the grocer sells rice at a profit of 20%, then the selling price of x kg of rice is Rs.
Again, the grocer used weight which is 25% less.
So, the amount of rice he sells is kg. in the price of 1.2y Rs.
So, the grocer sells x kg of rice at the price of Rs.
So, he is making a profit of (1.5y - y) = 0.5y Rs. on the cost price of y Rs.
Therefore, the overall percentage of profit is (Answer)
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