Multiple choice

Directions: Answer the questions independently of each other. A dishonest shopkeeper sells sugar at cost price but makes 25% profit by using faulty weights. He decides to give a discount to attract more customers. What percent of discount should he offer to make 12% profit?

  1. 15.2%

  2. 12.5%

  3. 10.4%

  4. 13%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the true weight be 1000g and the faulty weight be x. Since he makes 25% profit at cost, he sells 1000g worth of sugar for the price of 1250g. To make 12% profit on cost, he must sell 1000g for 1120. The discount required is (1250 - 1120) / 1250 = 130 / 1250 = 10.4%.

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