Multiple choice

The price of goods is marked up by 20% and seller gives a discount of 10% to the customer. He also uses a 900 g weight instead of 1000 g. What will be his profit percentage?

  1. 20%

  2. 25%

  3. 15%

  4. 30%

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

Let CP be 1000g = 1000 units. Marked price = 1200. Selling price after 10% discount = 1080. But he uses 900g weight, so his actual cost is 900 units. Profit = (1080 - 900) / 900 = 180 / 900 = 20%.

Keep practicing — related questions