An authorised rice dealer purchases rice at Rs32 per kg and sells it at Rs40 per kg. But while selling, he is giving only 900 grams
instead of 1 kg. Find the actual profit percentage of the dealer (Correct to one decimal place)
This questions was previously asked in
SSC CHSL 3rd June 2022 Shift-3
Explanation:
- Purchase Cost: The dealer buys rice at Rs32 per kg.
- Selling Price: The dealer sells at Rs40 but gives only 900 grams.
- Adjustment for Weight: Calculating for 900 grams, the actual selling price per kg becomes Rs40/0.9 = Rs44.44 per kg.
- Profit Calculation: Profit per kg is Rs44.44 - Rs32 = Rs12.44.
- Profit Percentage Formula: Profit% = (Profit/Cost Price) x 100.
- Calculation: (12.44/32) x 100 = 38.875%.
The actual profit percentage is 38.9%.
- Options Analyzed:
- Option 1: 37.8%
- Option 2: 39.7%
- Option 3: 39.8%
- Option 4: 38.9%
- Correct Answer: Option 4 - 38.9%
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By: santosh