Arithmetic Ability
Profit and Loss

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Q.

Sambhu buys rice at Rs. 10/kg and puts a price tag on it so as to earn a profit of 20%. However, his faulty balance shows 1000 gm when it is actually 800 gm. What is his actual gain percentage ?

View Answer

Correct choice: A

Explanation:

CP of 1000gm = Rs. 10 SP of 800gm = Rs. 12 SP of 1000gm =12x1000/800 = Rs. 15 Now take 1000gm as reference to calculate profit. Profit=SP-CP=15-10=Rs. 5 Profit % = 5x100/10 = 50%
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