Question

A trader sells products at 25% less on cost price but weighs 600 gram instead of 1000 gram. What is his profit or loss percent?
1. 12%
2. 24%
3. 25%
4. 40%

Answer 1

Correct Answer - Option 3 : 25%

Given:

Selling price = cost price – 25% of cost price

Calculation:

Let the cost price for 1000 gram = Rs. 1000

Selling price of 1000 gram = Rs. 750

But, due to false weighing

Selling price of 600 gram = Rs. 750

Cost price of 600 gram = Rs. 600

So, there is a profit

Profit = Rs. 750 – Rs. 600

⇒ Rs. 150

Profit% = [(150/600) × 100]%

⇒ 25%