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?

50%

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40%

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18%

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10%

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Solution

The correct option is A 50%
He would be selling 800 grams for Rs 12. Since a kg costs Rs 10. 800 grams would cost Rs 8.
Hence, his profit percentage is 50%.

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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?

The correct option is A 50%He would be selling 800 grams for Rs 12. Since a kg costs Rs 10. 800 grams would cost Rs 8. Hence, his profit percentage is 50%.

The correct option is A 50%
He would be selling 800 grams for Rs 12. Since a kg costs Rs 10. 800 grams would cost Rs 8.
Hence, his profit percentage is 50%.