Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A dealer sells his goods at a profit of 20%, but uses a weight of 800 g in place of a kg weight. Find his real gain percentage.

Options:

40%

44%

50%

42%

Correct Answer:

50%

Explanation:

 Let the Cost Price of 1 gm be 1.

Dealer's cost price = 800

Dealer's selling price = 1200

Gain = (1200 - 800) = 400.

Therefore, gain percentage = \(\frac{400}{800}\) × 100 = 50%.

The answer is 50%.