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A person buys 80 kg of rice and sells it at...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

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:

Answer & Solution
Correct Answer: Option C
Let, cost price of 80 kg rice is Rs. 80
Profit = Rs. 30
$${\text{Profit }}\% = \frac{{30}}{{80}} \times 100 = 37\frac{1}{2}\% $$
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