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. 60%
B. 50%
C. 45.45%
D. 57.14%
Answer: Option D
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
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Question #1
A shopkeeper marks his goods 20% above the cost price and allows a discount of 10%. What is his final profit percentage?
A. 8%
B. 12%
C. 10%
D. 15%
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Correct Answer: Option A

Explanation:
Let the cost price be 100. Marked Price = 100 + 20% of 100 = 120. Discount = 10% of Marked Price = 12. Selling Price = 120 - 12 = 108. Profit = Selling Price - Cost Price = 108 - 100 = 8. Profit Percentage = 8%.
This question belongs to: Maths Profit And Loss
Question #2
A shopkeeper marks his goods 30% above cost price and allows a discount of 10%. What is his profit percentage?
A. 15%
B. 17%
C. 18%
D. 20%
Discuss
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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, Profit = 17%.
This question belongs to: Maths Profit And Loss
Question #3
A person sells a book for Rs. 280, gaining 40%. Find the cost price.
A. Rs. 220
B. Rs. 180
C. Rs. 240
D. Rs. 200
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Correct Answer: Option D

Explanation:
CP = 280 / 1.40 = 200.
This question belongs to: Maths Profit And Loss
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