A grocer sells rice at 10% profit and uses weights which are 20% less than the market weight. The total gain earned by him is:
Answer & explanation
Correct answer: option 4
Selling rice at 10% profit and uses weights which are 20% less than the market weight means,
CP : SP = 10 : 11
weight = 8 : 10
————————————
80 : 110 = 30(Profit)
Profit % = 30 × \(\frac{100}{80d}\) = 37.5%