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A trader sells products at 25% less on cost price but weighs 600 gram instead of 1000 gram. What is his profit or loss percent?1. 12%2. 24%3. 25%4. 40% |
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Answer» Correct Answer - Option 3 : 25% Given: Selling price = cost price – 25% of cost price Calculation: Let the cost price for 1000 gram = Rs. 1000 Selling price of 1000 gram = Rs. 750 But, due to false weighing Selling price of 600 gram = Rs. 750 Cost price of 600 gram = Rs. 600 So, there is a profit Profit = Rs. 750 – Rs. 600 ⇒ Rs. 150 Profit% = [(150/600) × 100]% ⇒ 25% |
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