A grocer sells pulses at a profit of 13% and uses weights which are 24% less than the market weight. The percentage of profit (correct to 2 decimal places) earned by him will be:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 48.68%.
Let the CP of 100 gm of rice be ₹100
SP = CP × (113/100) = ₹113
⇒ Grocer sells 76 g instead of 100 g
⇒ CP for 76 gm = ₹76
Profit% = [(113 - 76)/76] × 100
⇒ Profit% = (37/76) × 100 = 48.68%