MBA Exam

A trader uses a weight 920 g instead of 1 kg and sells the articles at the marked price which is 15% above the cost price..Find the profit percentage

1) 20%
2) 23%
3) 25%
4) Cant be determined

Read Solution (Total 2)

If 1kg of an article costs Rs.100/-, he get 15% profit so the selling price will be Rs.115/-.
Therefore,
1kg=115
But he sells only 920g for Rs.115/-
so, 1g costs Rs.0.125 (1g=(115/920))
80g=Rs.10/-
So he gets a profit of 10% from the article.
Also, He sells the article with 15% profit.
Therefore,10+15=25%
ANSWER:25% (3)
9 years agoHelpfull: Yes(1) No(1)

1.15-.92/.92
9 years agoHelpfull: Yes(0) No(0)

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