CMAT 2021 Solved Question Paper

Question : 4 of 100

Marks: +1, -0

A shopkeeper claims to sell rice at cost price. He uses a false weight with the intention of selling rice at

25 \%

profit. After selling rice to a customer, he realizes that the customer has paid

10 \%

less than what he should have paid. What is the actual profit percentage made by the shopkeeper?

Solution:

Let the cost price of rice/kg

=₹ 100

∴ Selling price of rice/kg

=100 ×{125}/{100}=₹ 125

According to the question,Customer paid for

1 {\kg}

rice

=125 ×{(100-10)}/{100}=₹ 112.5

∴ Profit per cent made by shopkeeper

={(112.5-100)}/{100} ×100=12.5 \%

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