Multiple choice

A dishonest seller marks the price of sugar 32.5% above the cost price and claims that he sells sugar at a discount of 20% but, he uses a measure of 800 gm instead of 1 Kg. Find his overall profit percent .

  1. 32.5%

  2. 22.5 %

  3. 32 %

  4. 36.25 %

  5. None of these
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A Correct answer
Explanation

Marked price = 132.5% of CP. After 20% discount, selling price = 106% of CP. But seller gives only 800g instead of 1000g. Effective selling price for actual 1kg = (106/800)*1000 = 132.5% of CP. Profit = 32.5%. The discount loss is exactly compensated by the false measure gain.

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