Ramesh sells rice at ₹36 per kg, which he purchased for ₹30 per kg. Moreover, he gives only 800 g of rice instead of 1 kg while selling. Find the actual profit percentage of Ramesh.

Question

Accepted Answer

Step 1: Cost price (CP) per kg = ₹30
Step 2: Selling price (SP) per kg = ₹36
Step 3: Ramesh gives only 800 g instead of 1 kg, so for 1 kg sold, actual rice given = 800 g
Step 4: Calculate the cost price of 800 g rice:
         CP of 1 g = ₹30 / 1000 = ₹0.03
         CP of 800 g = 800 × 0.03 = ₹24
Step 5: Selling price for 800 g rice = ₹36 (since he charges for 1 kg but gives only 800 g)
Step 6: Profit = SP - CP = ₹36 - ₹24 = ₹12
Step 7: Profit percentage = (Profit / CP) × 100 = (12 / 24) × 100 = 50%

Therefore, the actual profit percentage of Ramesh is 50%.

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