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 man sells goods at 4% loss on cost price but he gives 20 g instead of 40 g. What is his profit or loss percentage?

This questions was previously asked in

SSC CHSL 25th May 2022 Shift-3

84% profit

92% profit

82% loss

92% loss

- Understanding the problem: The man pretends to sell 40 g but gives only 20 g, effectively doubling the price per gram.

- Loss on cost price: Initially, there is a 4% loss based on the cost price.

- Real weight vs. sold weight: By providing 20 g instead of 40 g, he effectively sells the goods at twice the listed price.

- Calculating actual profit: With the price per gram doubled, the man offsets his initial 4% loss and gains significantly.

To find the profit percentage:

- If \( P \) is the price per gram, effectively, he receives \( 2P \) for each gram.

- Reduced loss is now profit due to doubled earnings per gram.

- Correct Option: The man achieves a 92% profit.

- Option 2: 92% profit is the correct answer.