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 c ?->(Show Answer!)

1. 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 percent ?

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By: anil on 05 May 2019 01.40 am

Let marked price of 1 kg rice = $$Rs. 10$$ => Marked price of 30 kg rice = $$30 imes 10 = Rs. 300$$ Discount % = 20% Thus, cost price of retaailer = $$frac{80}{100} imes 300 = Rs. 240$$ Additionally, he got 8 kg rice for free and he sells at original marked price. Thus, selling price of 38 kg rice = $$38 imes 10 = Rs. 380$$ $$ herefore$$ Profit % = $$frac{380 - 240}{240} imes 100$$ = $$frac{175}{3} = 58frac{1}{3}\%$$

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