A dishonest grocer claims to sell his goods at a 10% profit but uses a weight of 800 grams instead of 1 kg. What is his actual profit percentage? MCQ with Answer and Explanation

Question

A dishonest grocer claims to sell his goods at a 10% profit but uses a weight of 800 grams instead of 1 kg. What is his actual profit percentage?

A. 40%

B. 37.5%

C. 35%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost Price of 800g = Rs. 800. Selling Price for 1000g claimed at 10% profit = Rs. 1100. Profit = 1100 - 800 = 300. Actual profit percentage = (300 / 800) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of 12 articles is equal to the cost price of 15 articles, find the profit percent.

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1. CP of 15 = 15, SP of 12 = 15 => SP of 1 = 15/12 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 50%

B. 25%

C. 33.33%

D. 40%

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Correct Answer: Option C

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a product for Rs. 1080, gaining 20%. Find the cost price.

A. Rs. 880

B. Rs. 920

C. Rs. 900

D. Rs. 950

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Correct Answer: Option C

Explanation:
CP = 1080 / 1.20 = 900.

This question belongs to: Maths Profit And Loss

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