a seller uses 840 gm in place of 1 kg to sell his goods find his actua | Examsbook

1504

Q: A seller uses 840 gm in place of 1 kg to sell his goods. Find his actual profit/loss % When he sells his article on 4% loss on cost price ?

1
14.28 % profit
2
24.18 % profit
3
14.28 % loss
4
24.18 % loss

Show Answer
Workspace
Discuss

Answer : 1. "14.28 % profit"
Explanation :
Answer: A) 14.28 % profit Explanation: Let 1kg of Rs. 100 then 840gm is of Rs. 84.Now (label on can 1kg but contains 840kg ) so for customer it is of Rs. 100 and further gives 4% discount [he sells his article on 4% loss on cost price.] So now S.P = Rs. 96But actually it contains 840 gm so C.P for shopkeeper = Rs. 84S.P = Rs. 96C.P = Rs. 84Profit% = {(S.P-C.P)/C.P}x100{(96-84)/84} x 100 = 14.28571429% PROFIT.

Quantitative Aptitude Bank Exams CAT GRE IIT JEE GATE

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today