Latest IBPS Aptitude Question SOLUTION: A dishonest dealer sells goods at 30% profit but uses only 800 grams in place of a kilogram weight. find his gain perfent. option 1) 50% 2) 62.5% 3) 55% 4) 67.5% 5) 65%

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A dishonest dealer sells goods at 30% profit but uses only 800 grams in place of a kilogram weight. find his gain perfent.
option
1) 50%
2) 62.5%
3) 55%
4) 67.5%
5) 65%

Asked In IBPS satyaprakash vengala (10 years ago)

Unsolved Read Solution (3)

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Asit Shukla  (10 years ago)

If we consider 30% of profit in 1000gms it gives 1300.
Total gms stole by dealer=500.
gain%=500/800*100=62.5%

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Aishwarya Srikanth  (10 years ago)

Answer is 62.5% (option 2)
Consider that he bought goods at the rate of 100rs per kg.(i.e)1000grams=100rs......eq(1)
Now,to gain 30% profit he has to sell 1000grams=130rs.
But he sells 800grams=130rs.
Actual rate of 800grams=80rs..(from eq(1))
profit %=(increased value/actual value)*100%
here increased value=(130-80)=50
now profit=(50/80)*100%=62.5%.

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Bailore Pradyumna Acharya  (10 years ago)

ans:62.5%
Let the cost price be Rs.100 for 1000gms ==>Rs.0.1 for 1grm
Now,the selling price is 130% of 100==> Rs.130 for 800gms ==>Rs.13/80 for 1grm
so profit%==(S.P for 1gm-C.P for 1 grm)/C.P for 1 grm *100
By solving,We get profit%=62.5

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