Question
A shopkeeper uses a weight of 880 grams instead of 1 kg.
Using this weight, he sells the goods at a profit of 4 percent. What will be the actual profit percentage?Solution
Assume Cost Price (CP) of 1 kg: Let CP = Rs. 100 Selling Price (SP) for 1 kg with 4% profit: SP = 100 x 1.04 = 104 Rs. SP for 880 grams (used as 1 kg): SP for 880 grams = Rs. 104. CP for 1 gram = 100/1000 = 0.1 Rs. CP for 880 grams = 0.1 x 880 = 88 Rs. Actual Profit = SP-CP = 104-88=16 Rs. Profit percentage =16/88 ×100 =18.18% Alternate method- 4% Profit =1/25, where P=1 and CP =25 Then - SP/CP=26/25 ATQ- CPSP 2526Price 9401000Quantity 47  :52 Profit =52-47=5 Profit % =5/47 ×100 =10.64%
What was the primary method used by researchers to confirm the lunar cave?
The International Big Cat Alliance (IBCA) focuses on the conservation of how many big cat species?
Who among the following was included in TIME's 100 most influential people of 2024?
The Olympic motto was amended to "faster, higher, stronger - _____________" during the International Olympic Committee's session in Tokyo.
Which of the following is not considered as part of the All India Financial Institutions (AIFI) group, a collection of key financial regulatory bodies w...
Which bank has agreed to a multi-year sponsorship deal with the International Cricket Council (ICC), beginning with the men’s Cricket World Cup in I...
Adani New Industries Ltd (ANIL) and the French giant TotalEnergies will invest $50 billion over 10 years in green hydrogen and, in the initial phase, bu...
Godrej Capital, the financial services arm of the Godrej Group has signed a strategic MOU with which bank to deepen their partnership so as to provi...
What challenge continues to delay the finalization of the New Collective Quantified Goal (NCQG) for climate finance?
Who serves as the inaugural chairperson of the National Turmeric Board?
Relevant for Exams:
