Question : Ranjeet buys 1 kg potato for INR 20 and sells it for INR 25. He also uses a weight of 800 gm in place of 1 kg. What is Ranjeet's actual profit percentage on the sale of 1 kg potato?
Option 1: 56.75%
Option 2: 56.25%
Option 3: 55.75%
Option 4: 57.25%
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
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 56.25%
Solution : The cost price of 1 kg potato = INR 20 Selling price of 800gm potato = INR 25 The cost price of 800 gm potato = $\frac{20\times 800}{1000}$ = INR 16 Profit percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100$ = $\frac{25-16}{16}\times100$ = $56.25$% Hence, the correct answer is 56.25%.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : If a man purchases kishmish at INR 320 per kg and sells it at INR 6 per 25 grams, then his profit/loss percentage is:
Question : A man sells rice at 8% profit and uses weight 25% less than the actual measure. What is his percentage profit?
Question : A discount of 20% is given on the marked price of a cycle, and still, there is a profit of 20%. If the profit is INR 800, find the marked price of the cycle.
Question : In what ratio, wheat at INR 23 per kg should be mixed with wheat at INR 14 per kg so that on selling the mixture at INR 20 per kg there is a profit of 25%?
Question : A trader had 1200 kg. of rice. He sold a part of it at 5% profit and the rest at 11% profit, so that he made a total profit of 7%. How much (In kg) rice did he sell at 5% profit?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile