A person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percent is:
A. $$24\frac{3}{{11}}$$
B. 35
C. $$37\frac{1}{2}$$
D. 40
Answer: Option C
Solution (By Examveda Team)
Let, cost price of 80 kg rice is Rs. 80Profit = Rs. 30
$${\text{Profit }}\% = \frac{{30}}{{80}} \times 100 = 37\frac{1}{2}\% $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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