A grocer sells rice at a profit of 10% and uses weights which are 20% less than the marked weight. Find his total gain percentage. MCQ with Answer and Explanation

Question

A grocer sells rice at a profit of 10% and uses weights which are 20% less than the marked weight. Find his total gain percentage.

A. 40%

B. 30%

C. 35%

D. 37.5%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let 1000g cost Rs. 100. He sells 800g (cost Rs. 80) for Rs. 110. Profit = 110 - 80 = 30. Profit % = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods at Rs. 1500 and gives a discount of 20%. What is the selling price?

A. Rs. 1250

B. Rs. 1200

C. Rs. 1100

D. Rs. 1300

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Correct Answer: Option B

Explanation:
SP = 1500*0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 11500

B. Rs. 13000

C. Rs. 12500

D. Rs. 12000

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Correct Answer: Option D

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 800

B. Rs. 820

C. Rs. 850

D. Rs. 780

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Correct Answer: Option A

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

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