Multiple choice

Rahul professes to lose 16% on selling sugar and uses a weight of 680 gm instead of 1 kg. What is the total profit percentage?

  1. 23.53%

  2. 16%

  3. 28.57%

  4. 19.24%
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A Correct answer
Explanation

Let cost price of 1g be 1 unit. Total cost for 680g is 680. Selling price for 1kg (1000g) at 16% loss is 840. Profit = 840 - 680 = 160. Profit % = (160/680) * 100 = 23.53%.

AI explanation

Assume the cost price of 1 kg of sugar is Rs. 100. Rahul sells 680 gm, which has a cost price of Rs. 68, using the faulty weight. He professes a 16% loss on the 1 kg selling price, so his selling price is Rs. 84. Using the profit percentage formula, ((84 - 68) / 68) multiplied by 100 equals (16 / 68) multiplied by 100, which is 23.53%. The total profit percentage is 23.53%.

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