M4maths Previous Puzzles

23 Sep 2019 Profit and Loss

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

OPtion

1) 9.98%
2) 9.89%
3) 9.063%
4) 9.089%
5) 9.49%
6) 9.08%
7) 9.71%
8) 9.53%
9) 9.77%
10) None of these

Solution

Let the CP of 1000 gm item be Rs. 1000
CP of 910 GM item = Rs 910
SP of 910 gm item = Rs 1000

Profit %= (1000 - 910)*100/880 = 120*100/910 = 9.89%

Correct Option: 2 Best Solution (1)