Sambhu buys rice at Rs. 10/kg and puts a price tag on it so as to earn a profit of 20%. However, his faulty balance shows 1000 gm when it is actually 800 gm. What is his actual gain percentage ?
Correct Answer: 50%
Explanation:
CP of 1000gm = Rs. 10
SP of 800gm = Rs. 12
SP of 1000gm =12x1000/800 = Rs. 15
Now take 1000gm as reference to calculate profit.
Profit=SP-CP=15-10=Rs. 5
Profit % = 5x100/10 = 50%
