Profit and loss

Quantitative Aptitude ( CCS)

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 sell his goods at 25% loss but he uses false weight of 30%. Find the loss or profit of shopkeeper in this whole process?

50/7% profit

50/3% profit

50/7% loss

50/3% loss

. 1000
700 750
750 – 700 = 50
50/700 *100 = 50/7% profit

Hence, option 1 is the correct answer.