: Ace profit and loss problems with ease #IndiaNEWS #Education Today Hyderabad: This is in continuation to the last article focusing on profit and loss topic. Here are practice questions along with

Ace profit and loss problems with ease #IndiaNEWS #Education Today
Hyderabad: This is in continuation to the last article focusing on profit and loss topic. Here are practice questions along with solutions that will help you in your preparation for the State government recruitment jobs.
1. A shopkeeper sells rice at 10% profit and uses weight 30% less than the actual measure. His gain per cent is?
a) 57 2/3% b) 57 1/7% c) 57 2/5% d) 57 3/7%
Ans: b
Solution:
Let CP of 1 kg of rice be Rs 100
According to the question,
SP of 700 gm of rice = Rs 110
??? SP of 1000 gm of rice
= 110/700 × 1000
= 1100/7 = Rs 157 1/7
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