M4maths Previous Puzzles

26 Aug 2019 Profit and Loss

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

OPtion

1) 13.46%
2) 13.64%
3) 13.063%
4) 13.83%
5) 13.4%
6) 13.8%
7) 13.0%
8) 13.53%
9) 13.77%
10) None of these

Solution

Let the CP of 1000 gm item be Rs. 1000
CP of 880 GM item = Rs 880
SP of 880 gm item = Rs 1000

Profit %= (1000 - 880)*100/880 = 120*100/880 = 13.64%

Correct Option: 2 Best Solution (4)