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A retailer bought 30 kg of rice at a dis...

A retailer bought 30 kg of rice at a discount of `20%` on the marked price. Besides, he was given 8 kg of rice free of cost, by the wholesaler for purchasing a bulk quantity. If the retailer sold the entire quantity of rice at the marked price to his customers, what was his profit per cent ?

A

`45 1/3%`

B

`52 2/3%`

C

`58 1/3%`

D

`42 2/3%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Determine the Cost Price of 30 kg of Rice - Let the marked price (MP) of the rice be 100 rupees. - The retailer receives a discount of 20% on the marked price. - Therefore, the cost price (CP) after the discount is: \[ CP = MP - (20\% \text{ of } MP) = 100 - 20 = 80 \text{ rupees} \] ### Step 2: Calculate the Total Cost Price for 30 kg of Rice - The retailer bought 30 kg of rice at a cost price of 80 rupees per kg. - Thus, the total cost price for 30 kg is: \[ \text{Total CP} = 30 \text{ kg} \times 80 \text{ rupees/kg} = 2400 \text{ rupees} \] ### Step 3: Calculate the Total Quantity of Rice - The retailer also received 8 kg of rice free of cost. - Therefore, the total quantity of rice the retailer has is: \[ \text{Total Quantity} = 30 \text{ kg} + 8 \text{ kg} = 38 \text{ kg} \] ### Step 4: Determine the Selling Price of the Rice - The retailer sells all the rice at the marked price of 100 rupees per kg. - Thus, the total selling price (SP) for 38 kg is: \[ \text{Total SP} = 38 \text{ kg} \times 100 \text{ rupees/kg} = 3800 \text{ rupees} \] ### Step 5: Calculate the Profit - The profit can be calculated as: \[ \text{Profit} = \text{Total SP} - \text{Total CP} = 3800 \text{ rupees} - 2400 \text{ rupees} = 1400 \text{ rupees} \] ### Step 6: Calculate the Profit Percentage - The profit percentage is given by: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Total CP}} \right) \times 100 \] - Substituting the values: \[ \text{Profit Percentage} = \left( \frac{1400}{2400} \right) \times 100 = \frac{1400 \times 100}{2400} = \frac{140000}{2400} = 58.33\% \] ### Conclusion The profit percentage is \( 58 \frac{1}{3} \% \).
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