Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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:

Options:

$33\frac{1}{3}$%

20%

40%

37.5%

Correct Answer:

37.5%

Explanation:

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%