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A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method?
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A man sells rice at 10% gain but weight 20% less than original weight ...
**Shortcut Method to Find Profit Percent:**
To find the profit percent using the shortcut method, we need to consider two factors: the selling price and the cost price. In this case, the man sells rice at a 10% gain but the weight is 20% less than the original weight.
Let's break down the solution into steps:
**Step 1: Define the given information:**
- Selling price gain: 10%
- Weight reduction: 20%
**Step 2: Assume a base value:**
Assume a base value for the cost price and weight of the rice. Let's assume the original cost price is 100 and the original weight is 100 kg.
**Step 3: Calculate the selling price:**
To calculate the selling price, we need to consider the gain percentage. Since the selling price is 10% more than the cost price, we can calculate it as follows:
Selling Price = Cost Price + (Gain Percentage x Cost Price)
Selling Price = 100 + (10/100) x 100 = 100 + 10 = 110
**Step 4: Calculate the reduced weight:**
To calculate the reduced weight, we need to consider the weight reduction percentage. Since the weight is 20% less than the original weight, we can calculate it as follows:
Reduced Weight = Original Weight - (Weight Reduction Percentage x Original Weight)
Reduced Weight = 100 - (20/100) x 100 = 100 - 20 = 80 kg
**Step 5: Calculate the cost price per kg:**
To calculate the cost price per kg, we divide the cost price by the original weight:
Cost Price per kg = Cost Price / Original Weight
Cost Price per kg = 100 / 100 = 1
**Step 6: Calculate the new cost price:**
To calculate the new cost price considering the reduced weight, we multiply the cost price per kg by the reduced weight:
New Cost Price = Cost Price per kg x Reduced Weight
New Cost Price = 1 x 80 = 80
**Step 7: Calculate the profit percent:**
To calculate the profit percent, we use the formula:
Profit Percent = (Selling Price - Cost Price) / Cost Price x 100
Profit Percent = (110 - 80) / 80 x 100 = 30 / 80 x 100 = 37.5%
Therefore, the profit percent achieved by the man selling rice at a 10% gain but weighing 20% less than the original weight is 37.5%.
To find the profit percent using the shortcut method, we need to consider two factors: the selling price and the cost price. In this case, the man sells rice at a 10% gain but the weight is 20% less than the original weight.
Let's break down the solution into steps:
**Step 1: Define the given information:**
- Selling price gain: 10%
- Weight reduction: 20%
**Step 2: Assume a base value:**
Assume a base value for the cost price and weight of the rice. Let's assume the original cost price is 100 and the original weight is 100 kg.
**Step 3: Calculate the selling price:**
To calculate the selling price, we need to consider the gain percentage. Since the selling price is 10% more than the cost price, we can calculate it as follows:
Selling Price = Cost Price + (Gain Percentage x Cost Price)
Selling Price = 100 + (10/100) x 100 = 100 + 10 = 110
**Step 4: Calculate the reduced weight:**
To calculate the reduced weight, we need to consider the weight reduction percentage. Since the weight is 20% less than the original weight, we can calculate it as follows:
Reduced Weight = Original Weight - (Weight Reduction Percentage x Original Weight)
Reduced Weight = 100 - (20/100) x 100 = 100 - 20 = 80 kg
**Step 5: Calculate the cost price per kg:**
To calculate the cost price per kg, we divide the cost price by the original weight:
Cost Price per kg = Cost Price / Original Weight
Cost Price per kg = 100 / 100 = 1
**Step 6: Calculate the new cost price:**
To calculate the new cost price considering the reduced weight, we multiply the cost price per kg by the reduced weight:
New Cost Price = Cost Price per kg x Reduced Weight
New Cost Price = 1 x 80 = 80
**Step 7: Calculate the profit percent:**
To calculate the profit percent, we use the formula:
Profit Percent = (Selling Price - Cost Price) / Cost Price x 100
Profit Percent = (110 - 80) / 80 x 100 = 30 / 80 x 100 = 37.5%
Therefore, the profit percent achieved by the man selling rice at a 10% gain but weighing 20% less than the original weight is 37.5%.
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A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method?
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A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method?.
A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sells rice at 10% gain but weight 20% less than original weight find the profit percent by shortcut method?.
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