M4maths Previous Puzzles

01 Oct 2018 Profit and Loss

"A shopkeeper sells his goods at cost price but uses a weight of
890 gm instead of kilogram weight. What is his profit percentage?"

OPtion

1) 12.04
2) 12.036
3) 13.36
4) 12.36
5) 21.36
6) 12.63
7) 17.86
8) 11.12
9) 14.02
10) None of these

Solution

Let the CP of 1000 gm (1 kg) be Rs. 1000
Then CP of 890 gm = Rs 890
SP of 890gm = Rs 100

Profit = (1000-890)*100/890 = (110/890)*100 = 12.36
Option 4)

Correct Option: 4 Best Solution (6)