Profit and loss

Quantitative Aptitude (CHSL)

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 shopkeeper claims that he is selling sugar at Rs.27/kg which cost him Rs.30/kg, but he gives 750 grams instead of 1000

grams. What is his profit or loss percentage?

This questions was previously asked in

SSC CHSL 8th June 2022 Shift-2

10% loss

7.5% profit

b:5 %loss

20% profit

- The shopkeeper claims to sell 1 kg of sugar for Rs. 27.

- He provides only 750 grams instead of 1 kg, effectively selling 750 grams for Rs. 27.

- To understand his cost, let's calculate the cost of 750 grams:

- Cost per kg is Rs. 30, so cost for 750 grams = (750/1000) * 30 = Rs. 22.50.

- Selling price for 750 grams is Rs. 27.

- Profit = Selling Price - Cost Price = Rs. 27 - Rs. 22.50 = Rs. 4.50.

- Profit percentage = (Profit/Cost Price) * 100 = (4.5/22.5) * 100 = 20%.

- Correct Answer: Option 4 - 20% profit.