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A shopkeeper sells wheat at a profit of 10% and uses weight which are 20% less than the actual weight. The total gain earned by him will be ?
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- 30%
- 88%
- 37.5%
- None of these
Correct Option: C
Let the actual price of per kg of wheat = ₹ . 100
Then, selling price = 110% of 100 = ₹ 110
Now, shopkeeper sell 20% less than actual weight so cost price to shopkeeper will be = 80% of 100
= (80 x 100)/100
= ₹ 80
Hence, required profit gained by shopkeeper = [(110 - 80)/80] x 100
= (30/80) x 100
= 37.5%
