Practicing Success
A trader a weighing balance that shows 1300 g for a kg. He further marks up his cost price by 15%. The net profit percentage is : |
48.5% 49.5% 50% 45% |
49.5% |
Let the cost price per g be Rs. 1 So, cost price of 1300 g = Rs. 1300 Marked price of 1300 g = 1300 × 115% ⇒ Rs. 1495 Now, the trader gives 1000 g instead of 1300 g So, his profit = 1495 - 1000 [As cost price of 1000 g is Rs. 1000] ⇒ 495 Profit% = \(\frac{495}{1000}\) × 100 ⇒ 49.5% |