Multiple choice

A dishonest seller marks the price of Rice 40% above the cost price and claims that he sells Rice at a discount of 15% but, he uses a measure of 850 gm instead of 1 Kg . Find his overall profit percent ?

  1. 35%

  2. 40%

  3. 45%

  4. 30%

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Marked price = 140% of CP (40% above). Selling price after discount = 85% of MP = 0.85×1.4×CP = 1.19×CP. But he gives only 850 gm for 1000 gm price, so effective SP = 1.19×CP×(1000/850) = 1.19×CP×1.176 = 1.4×CP. Profit = 40%.

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