A shopkeeper sells rice at a 10% profit and uses a weight which is 30% less than the actual measure. What is his total profit percentage? MCQ with Answer and Explanation

Question

A shopkeeper sells rice at a 10% profit and uses a weight which is 30% less than the actual measure. What is his total profit percentage?

A. 45.45%

B. 57.14%

C. 60%

D. 50%

Answer: Option B

Solution (By JKSSB Mock Tests)

He gives 700g but charges for 1000g + 10% profit = 1100g worth of value. Profit = 1100 - 700 = 400. Profit percentage = (400 / 700) * 100 = 57.14%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A boy buys 12 pencils for Rs. 10 and sells 10 pencils for Rs. 12. Find his gain percentage.

A. 42%

B. 40%

C. 45%

D. 44%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Cost Price of 1 pencil = 10 / 12 = 5 / 6. Selling Price of 1 pencil = 12 / 10 = 6 / 5. Profit = (6 / 5) - (5 / 6) = (36 - 25) / 30 = 11 / 30. Profit percentage = ((11 / 30) / (5 / 6)) * 100 = (11 / 25) * 100 = 44%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 15%

B. 8%

C. 10%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A man sells a watch for Rs. 720, gaining 20%. What is the cost price?

A. Rs. 600

B. Rs. 560

C. Rs. 640

D. Rs. 680

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs