Question : A shopkeeper earns 15% profit on his goods. He loses 10% of his goods during transportation. What is his overall profit loss percentage?
Option 1: Profit, 3.5%
Option 2: Profit, 5%
Option 3: Loss, 3.5%
Option 4: Loss, 5%
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: Profit, 3.5%
Solution :
Suppose, the number of goods is 100.
Here cost price is denoted by CP, selling price is denoted by SP.
CP of each item = Rs.1
Total CP = Rs. 100
Then the number of items remaining after theft = 90
SP of 1 item $= \frac{1\times(100+15\%\text{ of }100)}{100}=\frac{(100+15)}{100}=\frac{115}{100}=\text{Rs. }1.15$
$\therefore$ SP of 90 items $= 1.15\times 90=\text{Rs. }103.5$
⇒ Profit $= \text{Rs. }103.5-\text{Rs. }100=\text{Rs. }3.5$
$\therefore$ Profit % $= \frac{3.5}{100}\times100=3.5\%$
Hence, the correct answer is a profit of 3.5%.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC CHSL
