Knowee
Questions
Features
Study Tools

Select the correct answerA person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percentage is?Options35 27311 3712

Question

Select the correct answerA person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percentage is?Options35 27311 3712

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we first need to understand that the profit made by the person is equal to the cost of 30 kg of rice.

Let's assume the cost of 1 kg of rice is $1.

So, the cost of 80 kg of rice would be 80 * 1=1 = 80.

The profit made by the person is equal to the cost of 30 kg of rice, which is 30 * 1=1 = 30.

The profit percentage is calculated as (Profit / Cost Price) * 100.

So, the profit percentage in this case would be (30/30 / 80) * 100 = 37.5%.

However, since 37.5% is not an option, we need to round it to the nearest whole number, which is 37%.

So, the correct answer is 37.

This problem has been solved

Similar Questions

Select the correct answerA merchant has 840 Kg of rice, part of which he sells 9% profit and rest at 16% profit. He gains 12% profit on the whole. What is the quantity sold at 16% profit?Options630 kg280 kg360 kg420 kg

Select the correct answerA trader mixes 30kg of rice at Rs 25 per kg with 20kg of rice of other variety at Rs 40 per kg and sells the mixture at Rs 35 per kg. Find the profit percent?Options12.90%11%13.67%17%

Select the correct answerA trader buys 800 kgs of tomatoes for Rs 7200. 10% tomatoes are damaged in transportation. At what rate (Rs/Kg) should he sell the rest to earn 30% profit?Options9121013

Select the correct answerA trader has 200 kg of sugar, out of which he sells some with 10% profit and the rest with 25% profit. He gains 15% on the whole. Find the quantity of sugar sold at 25% profit?Options78 kg67 kg90 kg89 kg

Select the correct answerA trader buys jowar at Rs.30 per kg. 20% of the grain gets wasted. He plans to sell the remaining grain so that he makes 40% overall profit. At what price (in Rs. per kg) should he sell the grain?Options4852.547.550

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.