A man sells rice at 8% profit and uses a weight 25% less than the actual measure. What is his percentage profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 44%.
Let the actual measure of rice be 1000 grams, and its cost price = 1000 (Rs. 1 per gram)
SP for 1000 grams = 1080
Weight actually sold = 1000 - 250 = 750 grams
CP of 750 grams = 750
Total profit = 1080 - 750 = 330
Percentage Profit = (330/750) × 100 = 44%