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    Question

    A fruit seller receives 1.12 kg of fruit from the

    supplier for every 1 kg he pays for, but sells only 0.7 kg of fruit to his customers while charging them for 1 kg. What is the percentage profit made by the seller?
    A 40% Correct Answer Incorrect Answer
    B 45% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 35% Correct Answer Incorrect Answer
    E 60% Correct Answer Incorrect Answer

    Solution

    Let actual price of 1 kg fruits = ₹100
    Cost price of 1.12 kg fruits = ₹100
    Cost price of 1 kg fruits = 100/1.12 = 25/2.8 = 625/7
    Selling price of 0.7 kg of fruits = ₹100
    Selling price of 1 kg fruits = 100/0.7 = 1000/7
    Profit % = {(1000/7) – (625/7)/(6255/7}) x 100 = 60%

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