Multiple Choice Questions on A merchant uses a weighing balance that shows 1200 g for a Kilogram He further marks up his cost pri........... for CDS Exam Preparation

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Multiple Choice Questions

A merchant uses a weighing balance that shows 1200 g for a Kilogram He further marks up his cost pri...........

Quantitative Aptitude (CDS) Profit and loss
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    A merchant uses a weighing balance that shows 1200 g for a Kilogram. He further marks up his cost price by 10%. What is the profit percentage?

     50%

    Correct Answer

     45%

    Incorrect Answer

       55%

    Incorrect Answer

     40%

    Incorrect Answer
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    Explanation:

    Let the cost price of one gram be Re. 1 then the markup price is Rs. 1.2 per g.
    Now he sells 1000 g which seems to be 1200 g so he charges to a customer-
    1200 x 1.2 = Rs.1500 for 1000 g 
    Thus his profit % =[(1500-1000)/1000]100= 50%

     

    By: bhavesh kumar singh
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