Multiple choice

A dishonest shopkeeper marks his goods 30% above cost price and gives a discount of 15%. He also uses a false balance, giving 800 g instead of 1 kg. Find his overall profit percentage.

  1. 38.125%

  2. 24.425%

  3. 32.124%

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

Let CP of 1000g be 1000. Marked price = 1300. Discount 15% = 1300 * 0.85 = 1105. He gives 800g for the price of 1000g, but the cost of 800g is 800. Profit = 1105 - 800 = 305. Profit % = (305 / 800) * 100 = 38.125%.

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