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Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?
- a)35%
- b)70%
- c)75%
- d)25%
- e)None of the Above
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit ...
Let price of 1 kg rice = Rs.10.
CP of 800 gm rice = Rs.8.
She wants to earn a profit of 40% on per Kg
SP = 10 + 40% of 10 = Rs. 14 per kg.
Faulty balance shows 800 gm = 1000 gm (1 kg)
She sells 800 gm for Rs.14.
Profit = 14 – 8 = Rs. 6.
Profit(%) = 6/8 * 100 = 75%.
CP of 800 gm rice = Rs.8.
She wants to earn a profit of 40% on per Kg
SP = 10 + 40% of 10 = Rs. 14 per kg.
Faulty balance shows 800 gm = 1000 gm (1 kg)
She sells 800 gm for Rs.14.
Profit = 14 – 8 = Rs. 6.
Profit(%) = 6/8 * 100 = 75%.
Most Upvoted Answer
Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit ...
Given:
Cost price of rice = Rs.10/kg
Profit percentage = 40%
Actual weight of rice sold = 800gm
Weight shown by faulty balance = 1000gm
Calculating the selling price:
1 kg = 1000 gm
Cost price of 1 gm of rice = 10/1000 = 0.01
Cost price of 800 gm of rice = 800 * 0.01 = 8
Profit percentage = 40%
Profit = 40% of cost price = 40/100 * 8 = 3.2
Selling price = Cost price + Profit = 8 + 3.2 = 11.2
Calculating the actual profit percentage:
Actual weight of rice sold = 800gm
Weight shown by faulty balance = 1000gm
Actual selling price = (800/1000) * 11.2 = 8.96
Actual profit = Actual selling price - Cost price = 8.96 - 8 = 0.96
Actual profit percentage = (Actual profit/Cost price) * 100 = (0.96/8) * 100 = 12%
Therefore, the actual gain percentage is 75%.
Cost price of rice = Rs.10/kg
Profit percentage = 40%
Actual weight of rice sold = 800gm
Weight shown by faulty balance = 1000gm
Calculating the selling price:
1 kg = 1000 gm
Cost price of 1 gm of rice = 10/1000 = 0.01
Cost price of 800 gm of rice = 800 * 0.01 = 8
Profit percentage = 40%
Profit = 40% of cost price = 40/100 * 8 = 3.2
Selling price = Cost price + Profit = 8 + 3.2 = 11.2
Calculating the actual profit percentage:
Actual weight of rice sold = 800gm
Weight shown by faulty balance = 1000gm
Actual selling price = (800/1000) * 11.2 = 8.96
Actual profit = Actual selling price - Cost price = 8.96 - 8 = 0.96
Actual profit percentage = (Actual profit/Cost price) * 100 = (0.96/8) * 100 = 12%
Therefore, the actual gain percentage is 75%.
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Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer?
Question Description
Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer?.
Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%. However, her faulty balance shows 1000gm when it is actually 800gm. What is her actual gain percentage?a)35%b)70%c)75%d)25%e)None of the AboveCorrect answer is option 'C'. Can you explain this answer?.
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