49 Views

Question : A dishonest shopkeeper sells mangoes at INR 30 per kg, bought at INR 20 per kg, and he is giving 800 g instead of 1 kg. The shopkeeper's actual profit percentage is:

Option 1: 75%

Option 2: 37.5%

Option 3: 50%

Option 4: 87.5%


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: 87.5%


Solution : Given: The cost price is INR 20 per kg.
The selling price is INR 30 per kg.
So, the profit percentage if he sold 1 kg $=\frac{10}{20}\times 100 = 50$%
Now, the gain as a result of the incorrect weight:
$=\frac{\text{Error}}{\text{True weight – Error}}\times 100$
$=\frac{200}{1000 – 200}\times 100$
$=\frac{200}{800}\times 100$
$= 25$%
The actual profit percentage:
$=P_{1}+P_{2}+\frac{P_{1}\times P_{2}}{100}$
$=50 + 25 + \frac{50\times 25}{100}$
$=75 + 12.5$
$=87.5$%
Hence, the correct answer is 87.5%.

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