Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper claims that he is selling sugar at Rs.27/kg which cost him Rs.30/kg, but he gives 750 grams instead of 1000 grams. What is his profit or loss percentage?

Options:

10% loss

7.5% profit

2.5% loss

20% profit

Correct Answer:

20% profit

Explanation:

Concept,

Cost=             30             27

Weight=          750            1000

 

Cost=             10           9

Weight=          3           4

                ———————————

                    30          36 = 6 PProfit

Profit% = 6 × \(\frac{100}{30}\) = 20%