Interview Questions And Answers Forum

hasnain

Administrator

From: Chichawatni

Registered: 2014-10-13

Posts: 8,355

Website

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.