Question

A rice merchant weight 20% less in selling
and also declares 10% more selling price
than cost price. Find percent profit.
(1) 10%
(2) 15%
(3) 37.5%
(4) 30%
[Clerk Grade, 2004]​

Answer 1

Answer:

Correct option is

C

3331%

Let us consider of a packet of rice maked 1kg

its actual weight is 90% of 1000gm=900gm

Let C.P of each gm=Rs.1 

then, CP of this packet=Rs.900

SP of this packet =120% of CP of 1kg

=100120×1000=1200

∴ Gain %(900300×100)=3331%