A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain? MCQ with Answer and Explanation

Question

A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain?

A. 60%

B. 65%

C. 55%

D. 50%

Answer: Option A

Solution (By JKSSB Mock Tests)

He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price?

A. Rs. 1000

B. Rs. 950

C. Rs. 900

D. Rs. 850

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Correct Answer: Option C

Explanation:
SP = 1200 * 0.75 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 400

B. Rs. 350

C. Rs. 420

D. Rs. 380

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Correct Answer: Option A

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 390

B. Rs. 400

C. Rs. 380

D. Rs. 410

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Correct Answer: Option B

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

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