Question

    Lalit buys wheat at Rs. 20/kg and puts a price tag on it

    so as to earn a profit of 30%. However, his faulty balance shows 1000 gm when it is actually 600 gm. What is his actual approximate gain percentage?
    A 117% Correct Answer Incorrect Answer
    B 122% Correct Answer Incorrect Answer
    C 105% Correct Answer Incorrect Answer
    D 110% Correct Answer Incorrect Answer

    Solution

    C.P of 1000 gm = Rs. 20 M.P of 1000 gm = Rs. 26 S.P of 600 gm = Rs. 26 ( because his balance shows 600 gm when it is actually 1000 gm ) C.P of 600 gm =20/1000 × 600 = Rs. 12  ( because C.P of 1000 gm is Rs. 20 )  Profit = 14/12  × 100 = 116.66%

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