124 Views

Question : A grocer claims that he is selling sugar at Rs. 48/kg, which costs him Rs. 50/kg, but he is giving 900 g instead of 1000 g. What will be the approximate percentage profit?

Option 1: 7.5%

Option 2: 5.5%

Option 3: 8.5%

Option 4: 6.7%


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 6.7%


Solution : The rate at which the shopkeeper bought the sugar packet = Rs. 50/ kg
The rate at which the shopkeeper sold the sugar packet = Rs. 48/ kg
Weight of sugar packet he claims to sell = 1000 g = 1 kg
Actual weight of sugar packet = 900 g = 0.9 kg
Selling Price (SP) of one packet according to 1 kg of weight, $SP$ = Rs. 48
Cost Price (CP) of 0.9 kg sugar packet, CP = 50 × 0.9 = Rs. 45
Profit percentage = $\frac{SP-CP}{CP}\times 100$
= $\frac{48-45}{45}\times 100$
= $6.7$%
Hence, the correct answer is 6.7%.

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