CMAT 2014 Solved Question Paper

Question : 7 of 100

Marks: +1, -0

A trader uses a weighing balance that shows 1250 g for a kilogram. He further mark up his cost price by 20%. What is the profit percentage?

Validate

Solution:

(c) Let the cost price of 1 g be ₹ 1, then the mark-up price be ₹ 1.2 per g.
Now, he sells 1000 g which seems to be 1250 g.
So, he charges to a customer = 1250 x 1.2= ₹ 1500 for 1000 g
Thus, his profit per cent =

{1500-1000}/1000 × 100

= 50%

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