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