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Finding Closing Stock

A fruit selle...

Question

A fruit seller sells apples at a profit of 8% and uses a weight which is 10% less.What is his percentage gain.

A

20%

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B

25%

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C

35%

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D

30%

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Solution

The correct option is A 20%
Total percentage of profit
$= \frac{% p r o f i t + % l e s s i n w e i g h t}{100 - % l e s s i n w e i g h t} \times 100 = \frac{8 + 10}{100 - 10} \times 100 = \frac{18}{19} \times 100 = 20 %$

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