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. 30%

B. 40%

C. 37.5%

D. 35%

Answer: Option C

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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A shopkeeper sells a radio for Rs. 2200, making a profit of 10%. What was the cost price?

A. Rs. 2100

B. Rs. 2050

C. Rs. 1900

D. Rs. 2000

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Correct Answer: Option D

Explanation:
CP = 2200/1.1 = 2000.

This question belongs to: Maths Profit And Loss

Question #2

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Successive discounts of 20% and 15% are equal to a single equivalent discount of what percentage?

A. 33%

B. 35%

C. 30%

D. 32%

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Correct Answer: Option D

Explanation:
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.

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Question #3

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A shopkeeper sells an item for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 410

C. Rs. 400

D. Rs. 420

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Correct Answer: Option C

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

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