Multiple Choice Questions on A trader sells Rice to a customer at a profit of x over the cost price besides if he cheats his cust........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A trader sells Rice to a customer at a profit of x over the cost price besides if he cheats his cust...........

Quant (SSC) Profit and loss
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    A trader sells Rice to a customer at a profit of x% over the cost price, besides if he cheats his customer by giving 950 g instead of 1Kg. Thus his overall percentage is 20%. Then what is the value of x?

    10

    Incorrect Answer

    12

    Incorrect Answer

    14

    Correct Answer

    15

    Incorrect Answer
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    Explanation:

    1000*(100+x/100)
    = 950*120/100
    x = 14%
    Hence,option 3 is the correct answer.

    By: Amit Kumar
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