A shopkeeper professes to sell at cost price but uses a 950g weight for 1kg. Find his profit percentage. MCQ with Answer and Explanation

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A shopkeeper professes to sell at cost price but uses a 950g weight for 1kg. Find his profit percentage.

A. 6%

B. 5.26%

C. 5%

D. 5.5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Error = 50g. Profit % = (50 / 950) * 100 = 100 / 19 = 5.26%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a shirt for Rs. 500 and sells it for Rs. 400. What is the loss percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
Loss = 100, loss% = 100/500*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage.

A. 50%

B. 60%

C. 33.33%

D. 42.85%

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Correct Answer: Option D

Explanation:
CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.

This question belongs to: Maths Profit And Loss

Question #3

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If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 190

B. Rs. 200

C. Rs. 210

D. Rs. 208

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Correct Answer: Option B

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

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