Question : A grocer sells rice at 10% profit and uses weights which are 20% less than the market weight. The total gain percentage earned by him is:
Option 1: $33 \frac{1}{3}$%
Option 2: $20$%
Option 3: $40$%
Option 4: $37.5$%
Correct Answer: $37.5$%
Solution : A grocer sells rice at 10% profit. Let the cost price of the rice be 100. Selling price = 100 + 10 = 110 He uses weights that are 20% less than the market weight. Original cost of that rice = 100 – 20 = 80 $\therefore$ His profit percentage = $\frac{110-80}{80}×100=\frac{30}{80}×100=37.5\%$ Hence, the correct answer is $37.5$%.
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