44 Views

Question : A dishonest dealer sells the goods at a 7% loss on cost price but uses 18% less weight. What is his percentage of profit?(Correct to 2 decimal places)

Option 1: 25.65%

Option 2: 12.82%

Option 3: 28.75%

Option 4: 13.41%


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: 13.41%


Solution : Let the actual weight of the goods be 1 kg or, 1000 gm.
Seller gives 18% less on 1000 = $\frac{82}{100}×1000$ = 820 gm
Let the cost price of each gram be Re. 1.
The cost price of 820 gm = 820
Selling price of 1 kg = 7% of on 1000 = $\frac{93}{100}×1000$ = 930
Profit = 930 – 820 = 110
Profit percentage = $\frac{110}{820}×100=13.41\%$
Hence, the correct answer is 13.41%.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books