A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain? MCQ with Answer and Explanation

A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain?

A. 55%

B. 50%

C. 60%

D. 65%

Answer: Option C

He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 410

D. Rs. 420

Correct Answer: Option B

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 681.82

B. Rs. 700

C. Rs. 660

D. Rs. 670

Correct Answer: Option A

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A man sells an item for Rs. 600, gaining 20%. What is the cost price?

A. Rs. 500

B. Rs. 480

C. Rs. 520

D. Rs. 550

Correct Answer: Option A

Explanation:
CP = 600 / 1.20 = 500.

This question belongs to: Maths Profit And Loss