A shopkeeper sells rice at 10 % profit and us | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(B) Let the cost price $(C.P.)$ of $100 \, g$ of rice be $₹ 100$.Since the shopkeeper sells at a $10 \%$ profit,the selling price $(S.P.)$ for $100 \,

Vedclass · Accepted Answer

$57 \frac{1}{7} \%$

Vedclass · Answer

(B) Let the cost price $(C.P.)$ of $100 \, g$ of rice be $₹ 100$.Since the shopkeeper sells at a $10 \%$ profit,the selling price $(S.P.)$ for $100 \, g$ is $₹ 110$.However,the shopkeeper uses a weight that is $30 \%$ less than the actual measure. Therefore,the actual amount of rice sold is $100 \, g - 30 \% 	ext{ of } 100 \, g = 70 \, g$.The cost price of $70 \, g$ of rice is $₹ 70$.The shopkeeper sells this $70 \, g$ of rice for $₹ 110$.Profit = $S.P. - C.P. = 110 - 70 = ₹ 40$.Gain percent = $\frac{	ext{Profit}}{C.P.} 	imes 100 = \frac{40}{70} 	imes 100 = \frac{400}{7} = 57 \frac{1}{7} \%$.

$A$ shopkeeper sells rice at $10 \%$ profit and uses weight $30 \%$ less than the actual measure. His gain percent is

Similar Questions

If the $CP$ of $13$ bats is $Rs. 390$,what is the selling price in $Rs.$ when it is sold at a $10 \%$ loss?

Vijay sold a watch at a gain of $5 \%$. Had he sold it for $Rs. 72$ more,he would have gained $13 \%$. Find out the cost price of the watch (in $Rs.$).

$10 \%$ discount and then $20 \%$ discount in succession is equivalent to a total discount of $... \%$.

If the $CP$ of $50$ items is equal to the $SP$ of $40$ items,then what is the profit or loss $\%$ (in $\%$)?

In these questions,two equations numbered $I$ and $II$ are given. You have to solve both the equations and mark the appropriate option.
$I$. $x^{2} = 16$
$II$. $2y^{2} - 17y + 36 = 0$

Vedclass Test Series

Exam Paper Generator

Online Exam Module