Question

A seller sells at 1.2 times the CP and uses 750 gm weights instead of 1 Kg. What is his total Profit Percentage?
1. 6%
2. 10%
3. 12%
4. 60%

Answer 1

Correct Answer - Option 4 : 60%

Given:

SP= 1.2 CP

Formula used

Profit = SP - CP

% profit = (profit /CP) × 100

Calculation

Let the CP of 1 g = x

Given SP of 1 kg = 1.2 CP = 1200x

But the CP of what he is selling = 750x

His Profit = 1200x – 750x = 450x

∴ Total Profit % = (450x/750x) × 100 = 60%