A person buys 80 kg of rice and sells it at a profit of as much money he paid for 30 kg. His profit % is?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 37.5
Given:
Cost price of 30 kg = profit
Let us assume
1 kg = 1 Rs. (CP)
80 kg = 80 Rs. (CP)
SP = 80 + 30 + 110
Profit percentage = (30/80)100 = 37.5%