A shopkeeper sells rice at the rate of ₹44 per kg whose cost price is ₹40 per kg. Not satisfied with this, he tries to increase his profit by removing 200 grams of rice from each packet. What is the shopkeeper's overall gain percentage?

Question

Accepted Answer

Step 1: Given cost price (CP) = ₹40 per kg

Step 2: Selling price (SP) = ₹44 per kg

Step 3: The shopkeeper removes 200 grams from each kg packet, so he gives only 800 grams but charges for 1 kg.

Step 4: Calculate the effective cost price for 1 kg sold:
- Cost price of 800 grams = (800/1000) × 40 = ₹32

Step 5: Selling price for 1 kg (charged) = ₹44

Step 6: Profit = SP - CP for 800 grams = 44 - 32 = ₹12

Step 7: Profit percentage = (Profit / CP) × 100 = (12 / 32) × 100 = 37.5%

Therefore, the shopkeeper's overall gain percentage is 37.5%.

Answer

Answer

Answer