Question

A Dishonest fruit seller sells fruits at 10% loss. If he uses 700 gram weight in place of 1 kg weight, then what is his profit per cent?
1. 23.75%
2. 32.57%
3. 28.57%
4. 34.67%
5. 25%

Answer 1

Correct Answer - Option 3 : 28.57%

Given:

The fruit seller sells fruits at 10% loss.

Formula used:

Profit or Gain % = {(Selling price – Cost price)/Cost price} × 100

Calculation:

Let be 1 gram = 1 rupees 

Let  Cost price of 1 kg = Rs. 1000 

The selling price of 700 gm at 10% loss = {1000(100 – 10)}/100

The selling price of 700 gm = Rs. 900

Cost price of 700 gm = Rs. 700

Profit or Gain % = {(900 – 700)/700} × 100

⇒ (200/700) × 100

⇒ 28.57%

∴ The profit percentage of fruit seller is 28.57%.