Bank Exams Exam  >  Bank Exams Questions  >  A corrupt rice vendor uses a weight of 1200 g... Start Learning for Free
A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes?
Most Upvoted Answer
A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg whil...
Calculation of profit by a corrupt rice vendor



  • Calculating the actual weight of rice bought and sold: The corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it. This means that the actual weight of rice bought by the vendor is 1000/1.2=833.33 grams per kg, and the actual weight of rice sold by the vendor is 1000/0.9=1111.11 grams per kg.


  • Adding white stones: The corrupt vendor adds 5 kg of white stones per 100 kg of rice. This means that for every 1000 grams of rice, the vendor adds 50 grams of white stones.


  • Calculating the cost price: Let's assume that the corrupt vendor buys the rice at Rs. X per kg. The cost price of 1 kg of rice for the vendor would be X/0.8333 (since the vendor is buying only 833.33 grams per kg). Adding the cost of white stones (50 grams per kg), the cost price of 1 kg of rice for the vendor would be (X/0.8333)+(50*X/1000).


  • Calculating the selling price: Let's assume that the corrupt vendor sells the rice at Rs. Y per kg. The selling price of 1 kg of rice for the vendor would be Y/1.1111 (since the vendor is selling 1111.11 grams per kg).


  • Calculating the profit before discount: The profit before discount for 1 kg of rice would be (selling price - cost price). Assuming that the vendor has a profit margin of 20%, the cost price of 1 kg of rice for the vendor would be (1.2*selling price).


  • Calculating the profit after discount: The corrupt vendor gives a discount of 10% on the cost price. Therefore, the selling price after discount would be 0.9*(1.2*selling price). The profit after discount would be (selling price after discount - cost price).


  • Final profit calculation: The final profit made by the corrupt vendor would be the profit after discount multiplied by the number of kgs of rice sold.



Therefore, the profit made by the corrupt vendor can be calculated using the above steps. However, it is important to note that such unethical practices are harmful to both customers and the market as a whole, and steps must be taken to prevent and discourage such activities.
Community Answer
A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg whil...
Let the cp 100

=100*(1200/1000)*(1000/900)*(105/100)
=140
discount on cp is 10
sp= 140-10
=130
Explore Courses for Bank Exams exam

Similar Bank Exams Doubts

A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes?
Question Description
A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes?.
Solutions for A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? defined & explained in the simplest way possible. Besides giving the explanation of A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes?, a detailed solution for A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? has been provided alongside types of A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? theory, EduRev gives you an ample number of questions to practice A corrupt rice vendor uses a weight of 1200 grams instead of 1 kg while buying rice and uses a weight of 900 grams instead of 1 kg while selling it he also add 5 kg of white dtones per 100 kg of rice. While selling he gives 10% discount to customer on cost price then how much profit does he makes? tests, examples and also practice Bank Exams tests.
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev