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

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(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

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