Multiple Choice Questions

Subir claimed to sell his items at only 5 above the cost of production but used a weight that had 1 ...........

Quantitative Aptitude (CHSL) Profit and loss

Subir claimed to sell his items at only 5% above the cost of production, but used a weight that had 1 kg written on it, though it

actually weighed 960 grams. What was the actual profit percentage earned by Subir?

This questions was previously asked in

SSC CHSL 27th May 2022 Shift-2

9.125%

9.375%

9.25%

9.5%

- Subir claims to sell items at 5% above their cost, implying a selling price based on the claim.

- A weight labeled as 1 kg is actually 960 grams, meaning customers receive less than intended.

- This discrepancy causes the actual selling price per effective kilogram to be higher.

- Let's calculate the effective selling price per 1 kg.

- If the cost price (CP) is $X$ per 960 grams, selling price (SP) is $X \times 1.05$ .

- Accounting for 960 grams, the effective selling price for 1 kg is $(X \times 1.05) / 0.96$ .

- Expressing this in terms of profit percentage:

$Profit Percentage = (\frac{Effective SP - X}{X}) \times 100$

- Solving gives an actual profit percentage of approximately 9.375%.

The correct answer is Option:2 - 9.375%.

Submit Error