Multiple choice

A shopkeeper marks-up the price of moong dal by 40%. He gives a discount of 50% but uses false weights that are 4/5th of actual weights. If the shopkeeper purchases 100 gm moong dal for Rs.14, how much is the profit/loss percentage that he makes when he sells 350 gm of moong dal?

  1. Profit 40%

  2. Loss 12.5%

  3. Loss 37.5%

  4. Cannot be determined
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost price for 100g = 14. Marked price = 14 * 1.4 = 19.6. Selling price for 100g (after 50% discount) = 9.8. Weight used = 4/5 * 100g = 80g. Cost for 80g = 14 * 0.8 = 11.2. Profit/Loss for 80g = 9.8 - 11.2 = -1.4. Loss % = (1.4 / 11.2) * 100 = 12.5%.

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