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#1 2015-04-17 05:03:41
Overall Profit Percentage:
Question:
A trader sells goods to a customer at a profit of k% over the cost price, besides it he cheats his customer by giving 880 g only instead of 1 kg. Thus his overall profit percentage is 255. Find the value of k?
Option A):
10%
Option B):
8.33%
Option C):
12.5%
Option D):
8.25%
Correct Answer is Option A):
10%
Explanation:
% Profit = 25 /100 = (120 +k)/ 880
→ k = 100
Thus,
Net % profit = (100 *100) /1000 = 10%.
Failure is the first step towards seccess.
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2015-04-17 05:03:41
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