Question : A shopkeeper claims to sell his articles at INR 20 per kg which cost him INR 23 per kg. But while selling, he uses a false weight and gives only 800 gm instead of 1 kg. What is his profit percentage?
Option 1: $8 \frac{17}{23} \%$
Option 2: $8 \frac{16}{23} \%$
Option 3: $8 \frac{14}{23} \%$
Option 4: $8 \frac{15}{23} \%$
Correct Answer: $8 \frac{16}{23} \%$
Solution : The cost price of 1000 gm of article = INR 23 Cost of 800 gm of article = $\frac{23}{1000}\times800=18.4$ The selling price of 800 gm article = INR 20 Profit = 20 – 18.4 = 1.6 Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}\times 100$ = $\frac{1.6}{18.4}\times 100=8 \frac{16}{23}\%$ Hence, the correct answer is $8 \frac{16}{23} \%$.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : Ravi buys salt at INR 16 per kg and sells it at INR 18 per kg. He also uses the weight of 900 gm instead of 1000 gm. What is Ravi’s actual profit percentage?
Question : A shopkeeper professes to sell his goods at cost price but uses a 930 g weight instead of a 1 kg weight. What will be the profit percentage of the shopkeeper?
Question : A seller uses a faulty weight in place of a 2 kg weight and earns a 25% profit. He claims that he is selling at the cost price in front of the customers but uses a faulty weight. How much error is there in the 2 kg weight to gain 25%?
Question : A shopkeeper sells sugar at INR 40 per kg, which he purchased at INR 36 per kg. His weighing machine is faulty and it weighs only 800 gm while selling. His percentage profit (correct to 2 decimal places) is:
Question : At a courier shop, the weights of 8 parcels were found to be 1.5 kg, 1.25 kg, 1.35 kg, 750 gm, 950 gm, 0.7 kg, 0.4 kg, and 0.5 kg. Find their average weight.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile