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A Grocer Sells Rice At A Profit Of 10% And Uses A Weight Which Is 20% Less. Find His Total Percentage Gain? |
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Answer» The grocer buys rice at m Rs/Kg Then he sells at Rs (110/100)m PER 80/100 Kg Or, at Rs. 110 m /100 x (100/80) per kg = 11 m / 8 per kg PROFIT = 11m/8 – m = 3m/8 Profit percentage = (3m/8) / m x (100) = 300/8 = 37.5%. The grocer buys rice at m Rs/Kg Then he sells at Rs (110/100)m per 80/100 Kg Or, at Rs. 110 m /100 x (100/80) per kg = 11 m / 8 per kg Profit = 11m/8 – m = 3m/8 Profit percentage = (3m/8) / m x (100) = 300/8 = 37.5%. |
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