Profit and loss

Quantitative Aptitude (CPO)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A seller uses faulty weight in place of a 2 kg weight and earns a 25% profit. He claims that he is selling on the cost price in front

of the customers but uses a faulty weight. How much error is there in the 2 kg weight to gain 25%?

This questions was previously asked in

SSC CPO 9th Nov 2022 Shift 1

250 g

400 g

500 g

300 g

- The seller is using a faulty weight instead of a 2 kg weight.

- He earns a 25% profit while claiming to sell at cost price.

- This means the actual weight he is using is less than 2 kg.

- To find the faulty weight:

- Suppose the faulty weight is \( x \) kg.

- According to the situation, selling price is 2 kg but actually it's x kg.

- \((2 - x) \text{ kg}\) is what accounts for the extra 25% profit.

- Calculation: \( (2 - x)/x = 0.25 \) which simplifies to \( x = \frac{8}{5} = 1.6 \) kg.

- So, the error is \(2 - 1.6 = 0.4\) kg or 400 g.

- Correct Answer: Option 2 - 400 g